A significant advancement has emerged in the field of cryptocurrency in Pakistan, as the Government of Pakistan has officially announced the establishment of the "Pakistan Crypto Council." Formed with the approval of the Prime Minister, the purpose of this council is to formulate clear and comprehensive regulations for the promotion of cryptocurrency and blockchain technology in the country.

The council will be headed by the Minister of Finance and Revenue, and will include the Governor of the State Bank of Pakistan, the Federal Secretary of Law and Justice, the Federal Secretary of IT, and the Chief Advisor to the Minister of Finance as members. Furthermore, experts will also be included in the next phase to better manage and develop the crypto industry.

The main objectives of the council include preparing effective regulatory guidelines for cryptocurrency, collaborating with international crypto and blockchain organizations, supporting fintech startups, investors, and blockchain developers, and establishing a legal and compliance framework to ensure consumer financial protection.

This decision is a positive step for the digital economy in Pakistan, which will not only provide investment opportunities in the crypto industry but will also help stabilize the national economy through modern technology.