The Government of Pakistan has recently taken significant steps to integrate cryptocurrency and blockchain technology into the nation's financial system:
What's PCC?
Establishment of the Pakistan Crypto Council (PCC):
On March 14, 2025, the government officially launched the Pakistan Crypto Council (PCC), aiming to regulate and integrate blockchain technology and digital assets into Pakistan's financial landscape. The council is tasked with formulating policies, fostering innovation, and ensuring a secure approach to cryptocurrency adoption. The PCC is chaired by Finance Minister Muhammad Aurangzeb, with Bilal Bin Saqib appointed as its Chief Executive Officer. Other members include the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan, and the Federal Secretaries of Law and IT.
According to Dawn.com
Government's Proactive Stance:
The formation of the PCC signifies the government's proactive approach to embracing digital finance and positioning Pakistan at the forefront of the global shift towards blockchain technology and digital assets. The council aims to create a regulatory framework that protects investors and the financial system while fostering a progressive crypto ecosystem contributing to Pakistan's economic growth.
Focus Areas of the PCC:
The PCC will concentrate on developing clear regulatory policies, engaging stakeholders from both the public and private sectors, and positioning Pakistan as a key player in the global digital asset landscape. By bringing together key stakeholders, the council aims to balance progressive policymaking with fostering an environment where entrepreneurs and businesses can confidently explore the potential of blockchain technology.
profit.pakistantoday.com.pk
These developments reflect Pakistan's strategic alignment with the global cryptocurrency revolution, aiming to foster a safe and compliant environment for investors, businesses, and innovators in the crypto space.