16-3-2025 – Pakistan has launched its first-ever cryptocurrency regulatory body, marking a decisive shift from its previous stance that had linked digital currencies to terror financing concerns. The Pakistan Crypto Council (PCC), helmed by newly appointed Chief Executive Officer Bilal Bin Saqib, emerges at a pivotal moment in global digital asset adoption.
The timing proves particularly significant, coinciding with the White House’s endorsement of a strategic Bitcoin reserve, potentially positioning Pakistan as an influential player in the evolving digital currency landscape. The nation’s cryptocurrency market already boasts impressive credentials, with over 25 million active users and a substantial foreign remittance sector exceeding $30 billion.
At the helm of this ambitious initiative stands Finance Minister Muhammad Aurangzeb, supported by an elite consortium of financial authorities. This includes the State Bank of Pakistan’s governor, the Securities and Exchange Commission chairman, and IT sector secretaries, forming a comprehensive leadership structure poised to shape the nation’s digital financial future.
Saqib, announcing his appointment via X (formerly Twitter), emphasised the transformative potential of blockchain technology for Pakistan’s economy. The council’s vision extends beyond mere oversight, encompassing partnerships with international exchanges and fostering widespread adoption of digital assets amongst Pakistan’s populace.
The Finance Division’s spokesman highlighted this watershed moment as evidence of Pakistan’s commitment to embracing digital currencies whilst maintaining robust financial security measures. The PCC’s mandate encompasses consumer protection, technological innovation, and the establishment of a coherent regulatory framework.
