Pakistan is making significant strides in crypto regulation! Finance Minister Muhammad Aurangzeb has appointed Bilal bin Saqib, a renowned Web3 investor, as the chief advisor for the Pakistan Crypto Council ¹. This move aims to legitimize cryptocurrencies and create a secure, compliant digital asset trading environment.

*What's Next for Pakistan's Crypto Scene?*

- *Regulatory Framework*: Saqib will play a crucial role in shaping Pakistan's crypto regulations, ensuring a robust and transparent framework.

- *CBDCs as Legal Tender*: Recent proposals suggest recognizing Central Bank Digital Currencies (CBDCs) as legal tender, marking a significant shift in Pakistan's stance on digital assets.

- *Economic Growth*: Saqib envisions strategic policies empowering the nation's youth, driving economic growth, and positioning Pakistan as a leader in the global crypto space.

*Meet Bilal bin Saqib*

A Forbes-recognized Web3 investor and blockchain strategist, Saqib brings extensive expertise to the role. He's also a recipient of the 1632nd Points of Light Award and was awarded an MBE (Member of the British Empire) in 2023 for his contributions to the UK's National Health Service (NHS).

*A New Era for Pakistan's Crypto Industry*

This development marks a significant milestone in Pakistan's journey toward crypto regulation. With Saqib's guidance, the country is poised to balance innovation with robust regulatory oversight, ensuring a secure and compliant digital asset trading environment.

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