Islamabad, June 6, 2025 – Pakistan has taken a major step toward regulating digital assets by preparing a draft law that lays the foundation for a comprehensive framework to govern cryptocurrency and virtual assets in the country.
The Ministry of Law and Justice presented the draft legal framework during a follow-up session of the Pakistan Crypto Council (PCC), held on Thursday. The draft was developed through close coordination with members of the PCC, legal experts, and key stakeholders from the blockchain and crypto industry in Pakistan.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired the meeting. The session was also attended virtually by Bilal Bin Saqib, Minister of State and Special Assistant to the Prime Minister on Blockchain and Crypto, who also serves as CEO of the Pakistan Crypto Council.
Senior officials present at the meeting included the Governor of the State Bank of Pakistan (SBP), the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and secretaries from the Law & Justice Division and the Ministry of Information Technology & Telecommunication.
The proposed framework outlines a detailed regulatory structure for digital assets. It includes governance policies, licensing procedures, and mechanisms to protect investors. The draft is modeled on international best practices to ensure that Pakistan aligns with global standards in the rapidly evolving crypto sector.
The goal of this regulatory framework is to establish legal clarity, ensure responsible use of digital assets, and position Pakistan as a competitive player in the global digital economy. The Finance Minister emphasized the urgent need to finalize and implement the framework to unlock the economic benefits of blockchain and crypto technologies in Pakistan.
Participants agreed to fast-track the in-principle approval process, aiming for swift enactment of the law. Once implemented, this new framework will offer a structured approach to crypto regulation, helping Pakistan embrace innovation while ensuring financial security and investor confidence.