Great news for the crypto community in Pakistan! The government has officially established the Pakistan Crypto Council (PCC) to regulate and integrate blockchain technology and digital assets into the country's financial system.
This move signifies a major shift from previous stances, as Pakistan embraces the potential of cryptocurrencies and blockchain technology. The PCC, led by Finance Minister Aurangzeb, includes key financial and legal bodies, aiming to develop clear regulatory guidelines and promote responsible innovation in the crypto space.
With the PCC's formation, cryptocurrency businesses now have legal status, allowing individuals to legally acquire and trade cryptocurrencies in Pakistan. This development opens new avenues for investment and technological advancement in the country.
