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The Pakistan Crypto Council (PCC) was officially launched on Friday as a government-backed initiative to regulate and integrate blockchain technology and digital assets into the country’s financial system.
According to a press release from the Finance Division, the PCC aims to oversee and promote cryptocurrency innovations while aligning them with Pakistan’s economic framework.
The initiative follows a February 25 meeting between Finance Minister Muhammad Aurangzeb and a foreign delegation, where the finance ministry announced plans to establish a National Crypto Council to explore the adoption of digital currencies in line with global trends.
Earlier this month, the federal government appointed entrepreneur Bilal Bin Saqib as the chief adviser to the finance minister on the council. The Finance Division described his appointment as a significant step in Pakistan’s efforts to embrace digital currencies and evaluate their impact on the national economy#cpc