Pakistan Established Crypto Council to Regulate Blockchain, Digital Assets
- The government of Pakistan has officially established the Pakistan Crypto Council (PCC) to oversee and integrate blockchain technology and digital assets within the nation's financial system, as stated by the Finance Division.
- This announcement comes on the heels of the recent appointment of Bilal bin Saqib as the Chief Advisor to the Finance Minister for the council. The PCC is an initiative supported by the government, aimed at regulating, fostering, and integrating blockchain and cryptocurrency advancements into Pakistan's economic infrastructure.
- According to a statement from the Finance Division, the creation of this council marks a crucial milestone in the country's quest to embrace digital finance, positioning Pakistan as a significant contributor to the global transition toward blockchain technology.