ISLAMABAD: The Pakistan Crypto Council (PCC) has been launched officially, marking a significant step in the country’s efforts to regulate and integrate block chain technology and digital assets into its financial landscape, ministry of finance said here Friday.
According to press release, the council would play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption in Pakistan.
Finance Minister, Muhammad Aurangzeb will serve as the Chair of the Pakistan Crypto Council, demonstrating the government’s commitment to the evolving digital economy. Bilal Bin Saqib, the Chief Advisor to the Finance Minister on the Pakistan Crypto Council, has been appointed as the CEO of the Council, bringing his expertise in block chain technology, investment strategy, and digital innovation to spearhead the initiative.
The Pakistan Crypto Council’s immediate board members include Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan (SECP), Federal Law Secretary and Federal IT Secretary. This diverse leadership structure ensures that regulatory oversight, financial stability, legal frameworks, and technological advancements are brought together to support Pakistan’s crypto ecosystem.
The statement added that the formation of the Pakistan Crypto Council signifies the government’s proactive stance in moving Pakistan to the forefront of the global shift towards block chain technology and digital assets.
