Pakistan Announces Plan to Regulate Cryptocurrency
The Government of Pakistan has created a new group called the Pakistan Crypto Council to manage cryptocurrency-related matters. This council will work on setting rules, encouraging safe innovation, and protecting people who use crypto.
Whoās in the Council?
- Finance Minister (Leader of the Council)
- Head of the State Bank of Pakistan
- Top officials from Law, IT, and Finance sectors
- A Chief Advisor to the Finance Minister
More experts will join the council later.
What Will the Council Do?
1. Create Rules: Develop clear guidelines to make using cryptocurrency easier and safer.
2. Work Globally: Partner with international crypto organizations to adopt best practices.
3. Support Innovation: Help startups, investors, and tech developers grow responsibly.
4. Protect Users: Ensure strong laws and systems are in place to keep peopleās money safe.
This move aims to balance innovation in blockchain technology with security for Pakistanās economy and citizens.
