Pakistan Crypto Council Forms Technical Committee to Draft Regulatory Framework for Digital Assets

Islamabad, June 2, 2025 — In a significant move towards formalizing Pakistan’s stance on digital finance, the Pakistan Crypto Council (PCC) convened on Monday to establish a technical committee dedicated to drafting a comprehensive regulatory framework for digital and virtual assets.

The meeting, chaired by Finance Minister Muhammad Aurangzeb, focused on aligning Pakistan’s digital asset regulations with international standards and adapting to evolving technological trends. A central topic of discussion was the proposal to create an autonomous regulatory authority to oversee and regulate the country’s digital finance and cryptocurrency ecosystem.

Bilal Bin Saqib, CEO of the PCC and recently appointed Special Assistant to Prime Minister Shehbaz Sharif on Blockchain and Cryptocurrency, emphasized the importance of a secure and transparent regulatory environment. He stated that such an environment would promote responsible adoption of blockchain technology, protect investors, and enhance financial inclusion.

The State Bank of Pakistan (SBP) clarified its position on virtual assets, stating that its advisory to regulated entities to refrain from engaging with virtual assets was due to the absence of a legal and regulatory framework, not because such assets were declared illegal.

The establishment of the technical committee marks a pivotal step in Pakistan’s journey towards integrating digital assets into its financial landscape, reflecting a commitment to innovation while ensuring regulatory compliance and investor protection.

#PakistanCryptoCouncil #DigitalAssets #BlockchainRegulation #CryptoPolicy #FinancialInclusion