Pakistan's crypto landscape is rapidly evolving. Here are some key updates:

Recent Developments

- *Pakistan Crypto Council (PCC)*: Established on March 15, 2025, the PCC aims to regulate and promote blockchain technology and digital assets in the country. Chaired by Finance Minister Muhammad Aurangzeb, the council will develop comprehensive regulatory frameworks and ensure compliance.

- *Recognition of Cryptocurrency as a Strategic Asset*: The PCC acknowledges Pakistan's strong position in crypto adoption, with over 20 million active users, and plans to recognize cryptocurrency as a strategic asset.

- *Regulatory Framework*: The government is working on a legal framework to allow cryptocurrency to operate safely while safeguarding national assets ¹ ².

Future Prospects

- *Increased Adoption*: Pakistan ranks among the top nations globally in crypto adoption, with a growing number of individuals and businesses adopting blockchain technology.

- *Government Initiatives*: The Ministry of Finance and the State Bank of Pakistan (SBP) are leading efforts to draft regulations, with a focus on developing a secure and transparent framework.

- *Potential for Growth*: With a young, tech-savvy population and a large remittance market, Pakistan is poised to become a hub for crypto innovation and adoption ¹ ³ ⁴.

Key Players

- *Finance Minister Muhammad Aurangzeb*: Chairs the PCC and is driving efforts to regulate and promote blockchain technology in Pakistan.

- *Bilal Bin Saqib*: Serves as the Chief Executive Officer of the PCC and will play a key role in developing regulatory frameworks ³ ².