The Government of Pakistan has announced the establishment of a national crypto council aimed at promoting blockchain technology and managing crypto assets within the country's financial system.
Appointment of Bilal bin Saqib
The crypto council was established following the appointment of Bilal bin Saqib as the chief advisor to the Finance Minister on cryptocurrency matters. This appointment underscores Pakistan's commitment to integrating blockchain into its economic system.
Role of Crypto Council in Infrastructure
The Pakistan Crypto Council (PCC) will oversee the regulation of cryptocurrencies and blockchain innovations, promoting their integration into the financial economic system of the country. This development aims to enhance the financial infrastructure.
Council and its Structure
The council will be led by Finance Minister Muhammad Aurangzeb, with the senior board including the State Bank of Pakistan’s Governor, SECP’s Chairman, along with the Federal Law Secretary and Federal IT Secretary.
The establishment of the national crypto council represents a major step towards a digital financial future for Pakistan, keeping pace with global blockchain technology trends.
