The government of Pakistan has established the Pakistan Cryptocurrency Council (PCC) to oversee the integration and use of blockchain technology and digital assets in the country's financial sector. The PCC's agenda includes developing clear regulatory guidelines for cryptocurrency adoption, collaborating with international cryptocurrency and blockchain organizations, and promoting responsible innovation. The council will also focus on consumer protection and financial security through a sound legal and compliance framework.
Finance Minister Muhammad Aurangzeb will chair the committee, leading a diverse committee that includes senior officials from key financial and regulatory bodies. The leadership, which consists of the Governor of the State Bank of Pakistan, the Chairperson of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Minister of Law and Information Technology, aims to ensure a comprehensive approach to regulatory oversight, financial stability, and technological advancement.
Pakistan currently has one of the highest rates of cryptocurrency adoption, with an estimated 20 million active cryptocurrency users, with cryptocurrency transactions exceeding $20 billion.
Pakistan Establishes Cryptocurrency Council to Regulate Blockchain and Digital Assets
2025-03-16 02:02:15
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