Pakistan’s Finance Minister Muhammad Aurangzeb has underscored the significance of the Pakistan Crypto Council (PCC) in guiding the country’s path towards integrating digital assets and blockchain technology. Speaking at the PCC’s inaugural meeting in Islamabad, Aurangzeb stated that the council would serve as a central platform for collaboration between regulators and industry leaders, aimed at developing a robust regulatory framework for cryptocurrencies.
Aurangzeb reiterated the government’s commitment to fostering a transparent and forward-thinking financial ecosystem that would attract investments, empower the youth, and position Pakistan as a leader in the global digital economy. The meeting concluded with consensus on navigating the adoption of blockchain and cryptocurrencies carefully, ensuring both economic stability and the maximization of digital asset potential.
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Earlier this month, the federal government officially launched the PCC to regulate and integrate blockchain technology into Pakistan’s financial system. The Finance Division announced that the council would play a vital role in incorporating cryptocurrency innovations and promoting digital finance in the country.
The PCC is part of a broader initiative to position Pakistan as a key player in the global digital finance landscape. Led by Finance Minister Aurangzeb, the council’s board includes top officials such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and other federal secretaries from law and IT.
