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March 15, 2025 - Comments Off on Pakistan Government Officially Launches “Crypto Council”

Pakistan Government Officially Launches “Crypto Council”

The Pakistani government has formally launched the Pakistan Crypto Council (PCC), to “regulate and integrate blockchain technology and digital assets”, a ““significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape”, as per a government press release. The aim of the PCC, to be chaired by Minister of Finance Muhammad Aurangzeb, is “to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption in Pakistan”. The PCC’s board will include the Governor of the State Bank of Pakistan, the Chair of the Securities and Exchange Commission (SECP), as well as federal secretaries for IT and Law.

February 25, 2025 - Comments Off on Pakistan to consider a “National Crypto Council”

Pakistan to consider a “National Crypto Council”

A high-level government meeting chaired by the Pakistan government’s Minister for Finance and Revenue floated the possibility of creating a National Crypto Council” (NCC) to advise on the feasibility of cryptocurrency. The meeting, on financial security and potential impacts of digital assets on the Pakistani economy, discussed the possibility of establishing an NCC that would serve, according to TechJuice, as an

 “advisory body comprising key government representatives, regulatory authorities, and industry experts. This Crypto Council will oversee policy development, address regulatory challenges, and ensure that Pakistan’s digital asset ecosystem evolves in a secure, compliant, and sustainable manner. The Council will also collaborate with friendly countries to develop standardized frameworks for international digital economic engagement.”