Islamabad, February 25, 2025 – Pakistan on Tuesday took a significant step towards exploring the adoption of crypto currencies, aligning itself with global best practices to modernize its financial landscape.
The finance minister of Pakistan, Senator Muhammad Aurangzeb, underscored the need for a well-regulated digital asset framework that complies with Financial Action Task Force (FATF) guidelines. He emphasized that adopting crypto in a structured manner would position Pakistan as a forward-thinking player in the global financial ecosystem.
Chairing a high-level meeting on digital assets, the minister reaffirmed the government’s commitment to integrating blockchain technology into financial systems. The discussion was attended by foreign delegates, including President Trump’s Advisors for Digital Assets, Minister of State for IT & Telecom Ms. Shaza Fatima Khawaja, Governor of the State Bank, Secretary Finance, and Secretary IT & Telecom.
Participants examined the global evolution of crypto currency, its increasing adoption, and the regulatory mechanisms being implemented worldwide. The deliberations particularly focused on financial security, risk mitigation, and how digital assets could impact Pakistan’s economy.
The meeting also explored the tokenization of key infrastructure and state-owned enterprise (SOE) assets. This initiative aims to enhance liquidity, encourage investor participation, and increase efficiency within capital markets.
It was highlighted that Pakistan has over 20 million active users in the digital asset market, many of whom struggle with high transaction fees and limited regulatory clarity. Stakeholders discussed the possibility of introducing a regulatory sandbox where product-ready digital asset solutions could be tested before full-scale implementation.
The finance minister reiterated his commitment to fostering a transparent and well-regulated crypto environment. He directed relevant authorities to draft a comprehensive framework that ensures financial security, regulatory compliance, and economic viability while preventing financial crimes.
To further this initiative, the government is considering establishing a National Crypto Council, which would serve as a dedicated advisory body. This council would include key government representatives, regulatory authorities, and industry experts to oversee policy development and regulatory challenges.
Additionally, the proposed Crypto Council would collaborate with allied nations to create standardized frameworks for international digital economic cooperation.
The meeting concluded with a consensus on adopting a cautious yet progressive approach, ensuring that future developments in Pakistan’s digital asset sector align with national interests, FATF guidelines, and global financial standards.
