- Pakistan launches the Crypto Council (PCC) to regulate and integrate blockchain and digital assets into its financial system.
- The council, led by Finance Minister Muhammad Aurangzeb, aims to create policies that balance innovation with financial security.
- With 20 million crypto users and a $35 billion remittance market, Pakistan is positioning itself as a key player in digital finance.
Pakistan has flipped the script on crypto, shifting from skepticism to full-scale integration with the launch of the Pakistan Crypto Council (PCC). Announced by the Finance Division, this new body will oversee the regulation, adoption, and expansion of blockchain technology and digital assets within the country’s financial ecosystem.
It’s a major pivot—just last year, officials warned against legalizing crypto due to concerns over illicit financing. Now, with the White House establishing a Bitcoin reserve, Pakistan is positioning itself as a serious player in global digital finance.
The PCC will be chaired by Finance Minister Muhammad Aurangzeb, with a powerhouse team that includes the Governor of the State Bank of Pakistan, the Chairman of the SECP, and key federal secretaries. Their goal? To craft policies that balance regulation with innovation while ensuring financial stability.
Bilal bin Saqib, the council’s CEO, says the PCC isn’t just about setting rules—it’s about creating an environment where blockchain and digital finance can thrive. The council will collaborate with global crypto organizations, push for responsible innovation, and establish a legal framework that prioritizes security and investor protection.
Pakistan already ranks among the top nations for crypto adoption, with 20 million active users and over $20 billion in annual transactions. Given the country’s $35 billion remittance market, crypto could revolutionize cross-border payments, making transfers faster, cheaper, and more efficient.
With this bold move, Pakistan is not just catching up—it’s making a statement. The future of finance is digital, and the country intends to be at the forefront.
