Finance Minister Muhammad Aurangzeb has appointed Bilal bin Saqib, a Web3 investor, as the Chief Advisor for the Pakistan Crypto Council. This marks a significant step toward legitimizing cryptocurrencies and ensuring secure and compliant digital asset trading in the country.
Saqib, who has deep expertise in blockchain and digital finance, will play a pivotal role in shaping Pakistan’s crypto regulations. This appointment follows recent proposed amendments to recognize Central Bank Digital Currencies (CBDCs) as legal tender, highlighting a shift in Pakistan’s approach to digital currencies.
Saqib is optimistic that with the right strategies, Pakistan can harness the potential of its youth, drive economic growth, and establish itself as a leader in the global crypto space.
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