🇵🇰 Pakistan Launches "Digital Currency Council" to Regulate and Develop Digital Assets
In a historic move, the Pakistani government announced in March 2025 the establishment of the "Pakistan Digital Currency Council" (PCC), a regulatory body aimed at developing and regulating blockchain technologies and digital assets within the country. This announcement comes amid a rising number of cryptocurrency users in Pakistan, with reports indicating around 40 million users and an annual trading volume exceeding 300 billion US dollars.
Key Features of the Council:
Establishment: March 2025.
Headquarters: Islamabad, Pakistan.
Leadership: The council is headed by Finance Minister Muhammad Aurangzeb, with Bilal bin Saqib serving as the CEO.
Advisors: The list of prominent advisors includes Binance co-founder Changpeng Zhao.
Objectives: Develop regulatory frameworks, enhance the use of blockchain technologies, and encourage innovation in the field of digital assets.
This council is expected to contribute to enhancing Pakistan's status as an emerging hub in the world of digital currencies and reflects the government's commitment to adopting financial and technological innovation.
