Crypto Framework: Technical Committee Formed
- The Pakistan Crypto Council (PCC) is moving forward with plans to regulate digital assets and virtual assets in the country.
- Finance Minister Muhammad Aurangzeb chaired a meeting that included PCC Chief Executive Officer Bilal Bin Saqib, the governor of the State Bank of Pakistan (SBP), and the chairman...
- Participants explored establishing an independent regulatory body to oversee Pakistan's digital finance and crypto ecosystem.
Pakistan’s digital asset landscape is transforming! The Pakistan Crypto Council (PCC) has formed a technical committee, a crucial step toward drafting a extensive regulatory framework for cryptocurrencies and virtual assets –primary_keyword. This initiative aims to align Pakistan’s approach with international standards. This committee, made up of experts from the SBP, SECP, and other government divisions, will refine draft laws and propose a governance structure. Discussions also include the potential establishment of an autonomous regulatory authority, reflecting a commitment to financial innovation, investor protection, and financial inclusion through embracing blockchain technology–secondary_keyword. The move signals a long-term vision for decentralized finance and aligns with a growing global trend. News Directory 3 is following this developing story closely. Discover what’s next for crypto in Pakistan.
pakistan Crypto Council to Draft Digital Asset Regulatory framework
Updated June 02, 2025
The Pakistan Crypto Council (PCC) is moving forward with plans to regulate digital assets and virtual assets in the country. A technical committee will develop a draft framework, according to the Ministry of Finance. The PCC, launched in March, aims to integrate blockchain technology and digital assets into Pakistan’s financial system.
Finance Minister Muhammad Aurangzeb chaired a meeting that included PCC Chief Executive Officer Bilal Bin Saqib, the governor of the State Bank of Pakistan (SBP), and the chairman of the Securities and Exchange Commission of Pakistan (SECP). Discussions centered on aligning Pakistan’s regulatory approach with international standards and technological advancements.
Participants explored establishing an independent regulatory body to oversee Pakistan’s digital finance and crypto ecosystem. The newly formed technical committee includes representatives from the SBP, SECP, Law Division, and IT & Telecom division. This committee will refine draft laws and propose a governance structure for review by the PCC at a future meeting.
PCC members emphasized the need for a secure and obvious regulatory surroundings that fosters innovation, protects investors, and promotes financial inclusion through responsible blockchain adoption. Aurangzeb reaffirmed the government’s commitment to building a future-ready financial infrastructure that balances innovation with financial stability and regulatory compliance.