{"id":6809,"date":"2025-03-16T10:01:32","date_gmt":"2025-03-16T10:01:32","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=6809"},"modified":"2025-03-16T10:01:34","modified_gmt":"2025-03-16T10:01:34","slug":"pakistan-establishes-crypto-council-to-regulate-blockchain-and-digital-assets","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/16\/pakistan-establishes-crypto-council-to-regulate-blockchain-and-digital-assets\/","title":{"rendered":"Pakistan Establishes &#8216;Crypto Council&#8217; to Regulate Blockchain and Digital Assets"},"content":{"rendered":"\n<p>In a landmark decision, the <strong>government of Pakistan<\/strong> has announced the formation of the <strong>Pakistan Crypto Council (PCC)<\/strong> to oversee and regulate <strong>blockchain technology and digital assets<\/strong> within the country\u2019s financial framework. The move, revealed in a statement by the <strong>Finance Division<\/strong>, marks a significant shift in the nation\u2019s stance on digital currencies and highlights Pakistan\u2019s growing interest in embracing the <strong>global shift toward blockchain-based finance<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Reversing the Anti-Crypto Stance<\/strong><\/h3>\n\n\n\n<p>Historically, Pakistan\u2019s government had been hesitant about the legalization of digital assets due to concerns about <strong>terror financing and financial crimes<\/strong>. However, the establishment of the <strong>PCC<\/strong> signals a <strong>strategic shift<\/strong>, acknowledging the potential of <strong>blockchain technology and cryptocurrencies<\/strong> to contribute to <strong>economic innovation and financial inclusion<\/strong>.<\/p>\n\n\n\n<p>This development aligns with recent global trends, including the <strong>White House\u2019s approval of a strategic Bitcoin reserve<\/strong>, signaling a broader institutional adoption of digital assets worldwide. Pakistan\u2019s move could position it as an emerging player in the <strong>global digital economy<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Leadership and Governance of the PCC<\/strong><\/h3>\n\n\n\n<p>The <strong>Pakistan Crypto Council<\/strong> will be chaired by <strong>Finance Minister Muhammad Aurangzeb<\/strong>, with a leadership board consisting of top financial and regulatory officials, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Governor of the State Bank of Pakistan<\/strong><\/li>\n\n\n\n<li><strong>Chairman of the Securities and Exchange Commission of Pakistan (SECP)<\/strong><\/li>\n\n\n\n<li><strong>Federal Law Secretary<\/strong><\/li>\n\n\n\n<li><strong>Federal IT Secretary<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Bilal bin Saqib has been appointed as <strong>Chief Advisor to the Finance Minister for the PCC<\/strong> and will serve as the council\u2019s <strong>CEO<\/strong>. Saqib emphasized that the <strong>council\u2019s mission extends beyond regulation<\/strong>, aiming to foster an environment that supports <strong>blockchain growth and digital finance innovation<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives and Regulatory Framework<\/strong><\/h3>\n\n\n\n<p>The <strong>PCC\u2019s agenda<\/strong> includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Developing clear regulatory guidelines<\/strong> for crypto adoption.<\/li>\n\n\n\n<li><strong>Collaborating with international crypto and blockchain organizations<\/strong> to establish a strong regulatory framework.<\/li>\n\n\n\n<li><strong>Promoting responsible innovation<\/strong> while ensuring consumer protection and financial security.<\/li>\n\n\n\n<li><strong>Assessing the economic impact of cryptocurrencies<\/strong> on <strong>Pakistan\u2019s financial sector<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>With an estimated <strong>20 million active crypto users<\/strong> and <strong>over $20 billion in crypto transactions<\/strong>, Pakistan is already a key player in the <strong>global crypto landscape<\/strong>. The nation\u2019s <strong>$35 billion remittance market<\/strong> could also benefit significantly from increased <strong>crypto adoption<\/strong>, offering a faster, more efficient alternative to traditional banking channels.<\/p>\n\n\n\n<p>The establishment of the <strong>Pakistan Crypto Council<\/strong> represents a <strong>historic step forward<\/strong> in integrating blockchain technology and digital finance into <strong>Pakistan\u2019s economy<\/strong>. By embracing regulation, fostering innovation, and promoting financial security, <strong>Pakistan is positioning itself as a competitive force<\/strong> in the global <strong>crypto and blockchain revolution<\/strong>.<\/p>\n\n\n\n<p>As the <strong>PCC moves forward with its regulatory and innovation-focused agenda<\/strong>, the world will be watching how Pakistan navigates the balance between <strong>crypto adoption, regulation, and economic stability<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a landmark decision, the government of Pakistan has announced the formation of the Pakistan Crypto Council (PCC) to oversee and regulate blockchain technology and digital assets within the country\u2019s financial framework. The move, revealed in a statement by the Finance Division, marks a significant shift in the nation\u2019s stance on digital currencies and highlights&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[94,524,65],"class_list":["post-6809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-blockchain","tag-council","tag-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan Establishes &#039;Crypto Council&#039; to Regulate Blockchain and Digital Assets - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/16\/pakistan-establishes-crypto-council-to-regulate-blockchain-and-digital-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Establishes &#039;Crypto Council&#039; to Regulate Blockchain and Digital Assets - Crypto News\" \/>\n<meta property=\"og:description\" content=\"In a landmark decision, the government of Pakistan has announced the formation of the Pakistan Crypto Council (PCC) to oversee and regulate blockchain technology and digital assets within the country\u2019s financial framework. 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