ISLAMABAD: A crucial meeting of the Pakistan Crypto Council (PCC) was held at the Finance Division, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.
The session marked a key step toward establishing a national policy for digital and virtual assets in Pakistan.
The meeting included participation from key figures in the financial and technology sectors. Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Crypto and CEO of PCC, joined the session virtually, alongside the Governor of the State Bank of Pakistan (SBP).
In-person attendees included the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Secretary of the Law & Justice Division, and the Secretary of the Ministry of Information Technology & Telecommunication.
Building a Secure Regulatory Framework
The core focus of the meeting was the draft regulatory framework for digital assets. Participants discussed aligning local regulations with global standards to ensure that Pakistan can compete in the fast-evolving crypto economy.
Discussions included the possibility of creating an independent regulatory body to supervise digital finance, ensuring transparency, accountability, and investor protection.
Council members emphasized the importance of promoting blockchain innovation while minimizing financial risks. Their input focused on balancing innovation with compliance and consumer safety, key to building trust in Pakistan’s emerging crypto market.
Technical Committee Formed for Policy Development
In a major development, it was decided that a technical committee would be formed to review and refine the proposed laws.
This committee will include representatives from the SBP, SECP, the Law Division, and the IT & Telecom Division. The revised draft will be presented in the next PCC meeting for further review.
The Finance Minister praised all stakeholders for their proactive role and reiterated the government’s commitment to developing a future-ready financial ecosystem.
