#CryptoRegulation Pakistan: Advancing Toward Legalization

Pakistan is making notable progress in formalizing its cryptocurrency framework. Key developments include:

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Establishment of the Pakistan Crypto Council (PCC): Launched in March 2025, the PCC aims to develop regulations and promote blockchain technology and digital assets within the country. The council is led by Finance Minister Muhammad Aurangzeb, with Bilal Bin Saqib as CEO and Binance co-founder Changpeng Zhao serving as a strategic adviser.

Drafting of Regulatory Framework: The Securities and Exchange Commission of Pakistan (SECP) has proposed a compliance-focused regulatory framework for digital assets, aligning with Financial Action Task Force (FATF) guidelines.

International Collaborations: Pakistan has entered into agreements with international crypto ventures, including a deal with a Trump family-backed initiative, signaling its intent to attract foreign investment and position itself as a regional blockchain hub.

United States: Regulatory Overhaul Under New SEC Leadership

The U.S. Securities and Exchange Commission (SEC) is undertaking significant regulatory reforms:

New SEC Chair's Initiatives: Paul Atkins, the newly appointed SEC Chair, has announced plans to create clear guidelines for crypto tokens classified as securities. The aim is to establish a rational framework that promotes lawful issuance, custody, and trading of crypto assets while deterring misconduct.Stablecoin Legislation: Two proposed bills—the STABLE Act and GENIUS Act—seek to establish a regulatory framework for dollar-backed stablecoins. This move is in response to the growing market capitalization of stablecoins, which now stands at $246 billion.