Pakistan has taken a significant leap forward in embracing cryptocurrency and blockchain technology! The Pakistan Crypto Council (PCC) was officially launched on March 14, 2025, with the aim of promoting digital finance, streamlining transactions, and providing a secure alternative for foreign residents to transfer money to Pakistan ¹.
*Key Objectives:*
- _Faster and Cost-Effective Transactions_: Provide an alternative to traditional banking systems for foreign residents to transfer money to Pakistan.
- _Combating Money Laundering_: Ensure the legal inflow of U.S. dollars from overseas Pakistanis.
- _Regulatory Framework_: Develop a strong legal framework to ensure financial security and consumer protection.
*Leadership:*
- Federal Finance Minister Muhammad Aurangzeb will head the council.
- Bilal Bin Saqib, a Forbes 30 Under 30 honoree and blockchain expert, will serve as the CEO.
*Expected Impact:*
- Boost financial inclusion
- Attract foreign investment
- Enhance transparency in financial transactions
- Drive economic growth and innovation
This initiative marks a significant step towards positioning Pakistan as a global leader in digital finance. By embracing emerging technologies, Pakistan aims to foster a secure and efficient digital financial system ². #CryptoCouncil #pakistaniCryptocouncil