Islamabad, March 14, 2025 – The finance ministry on Friday officially launched the Pakistan Crypto Council (PCC), marking a pivotal step in the country’s commitment to regulating and integrating blockchain technology and digital assets into its financial ecosystem.
This initiative underscores Pakistan’s ambition to position itself as a leader in the evolving world of digital finance.
According to an official statement, the Pakistan Crypto Council will play a crucial role in formulating policies, fostering innovation, and ensuring a secure and structured approach to crypto adoption. By establishing a dedicated regulatory body, Pakistan aims to create an environment that promotes responsible investment in crypto while safeguarding financial stability.
Finance Minister Muhammad Aurangzeb has been appointed as the Chair of the Pakistan Crypto Council, reinforcing the government’s commitment to the digital economy. Additionally, Bilal Bin Saqib, Chief Advisor to the Finance Minister on crypto affairs, has been named CEO of the council. His expertise in blockchain technology, investment strategy, and digital innovation will be instrumental in driving Pakistan’s crypto initiatives forward.
The immediate board members of the Pakistan Crypto Council include the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Law Secretary, and the Federal IT Secretary. This diverse leadership structure ensures a balanced approach, combining financial oversight, legal frameworks, and technological advancements to build a resilient crypto ecosystem in Pakistan.
Speaking at the launch, Finance Minister Muhammad Aurangzeb emphasized Pakistan’s determination to stay ahead in the global digital economy. “The establishment of the Pakistan Crypto Council marks a major step towards embracing blockchain technology while ensuring we develop a robust regulatory framework to protect investors and financial institutions. We are committed to fostering a responsible and forward-looking crypto ecosystem that can contribute to Pakistan’s economic growth,” he stated.
CEO Bilal Bin Saqib highlighted that the Pakistan Crypto Council is not merely about regulation but about creating an environment where blockchain and digital finance can thrive. “Our vision is to position Pakistan as a competitive player in the global digital economy by prioritizing security, transparency, and innovation. By collaborating with key stakeholders, we aim to strike a balance between progressive policymaking and fostering an entrepreneurial ecosystem for blockchain developers, fintech startups, and investors,” he said.
The Pakistan Crypto Council’s primary objectives include drafting clear regulatory policies, engaging with both public and private sector stakeholders, and positioning Pakistan as a significant player in the global digital asset space. As it begins operations, the council will focus on establishing comprehensive guidelines to facilitate crypto adoption, collaborating with international blockchain organizations to implement best practices, and promoting responsible innovation while ensuring consumer protection through robust legal frameworks.
The launch of the Pakistan Crypto Council marks a new chapter in Pakistan’s financial and technological evolution. It sends a strong message that Pakistan is open for business and is ready to embrace blockchain and crypto innovations in a structured, secure, and regulated manner. The government-backed initiative aims to integrate blockchain technology into Pakistan’s financial system, ensuring that the country remains at the forefront of digital finance and economic progress.