🚨Breaking news in Pakistan #CryptoNewss

In recent developments, Pakistan has taken significant steps toward integrating cryptocurrency and blockchain technology into its financial system:

Establishment of the Pakistan Crypto Council (PCC): On March 15, 2025, the Pakistani government announced the formation of the Pakistan Crypto Council (PCC). This council aims to regulate, promote, and incorporate blockchain and cryptocurrency innovations into the country's economic framework. Finance Minister Muhammad Aurangzeb chairs the PCC, with Bilal bin Saqib, a Forbes-recognized entrepreneur and Web3 investor, appointed as the Chief Advisor. The council's mission includes developing comprehensive regulatory frameworks and ensuring compliance to position Pakistan as a leader in the digital financial revolution.

Recognition of Cryptocurrency as a Strategic Asset: Pakistan plans to adopt cryptocurrency as a "strategic asset" to drive a digital financial revolution. The country has over 20 million active users in the digital asset market, facing challenges like high transaction fees. The PCC aims to address these issues by creating a secure and compliant digital asset ecosystem.

Exploration of Blockchain for Remittances: Pakistan is exploring the use of blockchain technology to improve the speed and reduce the cost of cash transfers from migrant workers. This initiative aims to enhance the efficiency of multibillion-dollar remittances from abroad.

These initiatives reflect Pakistan's commitment to embracing digital assets and blockchain technology, aiming to position itself as a significant player in the global digital economy.

For more insights into Pakistan's involvement in cryptocurrency, you might find the following video informative: