The federal government has officially established the Pakistan Crypto Council, led by Finance Minister Muhammad Aurangzeb.
The council aims to shape effective policies, foster innovation, and create a secure financial ecosystem.
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According to the Ministry of Finance, Muhammad Aurangzeb will head the council, while his Chief Advisor, Bilal Bin Saqib, has been appointed as its CEO. With expertise in blockchain technology, investment strategies, and digital innovation, Bilal Bin Saqib will spearhead the initiative.
The council’s board includes key figures such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Secretary of Law, and the Federal Secretary.
Its primary objectives include formulating clear regulatory guidelines for crypto adoption, collaborating with global blockchain organizations, and aligning with international standards.
Additionally, the council will engage with fintech firms, startups, investors, and blockchain developers to promote responsible innovation while ensuring strong legal and compliance measures to safeguard consumers and financial stability.
The Ministry of Finance highlighted that the Pakistan Crypto Council’s formation represents a significant milestone in the country’s financial and technological progress, paving the way for blockchain regulation and digital asset development.
The council is expected to play a key role in policy formulation, modernization, and building a secure framework for crypto adoption.
