The official launch of the Pakistan Crypto Council (PCC) on March 14, 2025, marks a major milestone in the country’s journey toward integrating blockchain technology and digital assets into its financial ecosystem. As the government takes proactive steps to regulate the emerging crypto space, the Pakistan Crypto Council is poised to play a pivotal role in formulating policies that foster innovation, ensure security, and create a forward-thinking approach to digital finance.
The newly established council is headed by Finance Minister Muhammad Aurangzeb, signaling the government’s strong commitment to advancing Pakistan’s position in the rapidly evolving global digital economy. Mr. Bilal Bin Saqib, Chief Advisor to the Finance Minister, has been appointed as the CEO of the Pakistan Crypto Council. His expertise in blockchain technology, investment strategy, and digital innovation positions him well to lead the initiative as it seeks to promote the safe and responsible adoption of crypto technologies in Pakistan.
The council’s immediate leadership team includes prominent figures such as the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Law Secretary. This diverse team ensures that regulatory oversight, financial stability, legal frameworks, and technological advancements are carefully considered to support the growth and development of Pakistan’s crypto ecosystem.
In a statement following the launch, Finance Minister Muhammad Aurangzeb emphasized the importance of Pakistan embracing the digital finance revolution. He expressed the government’s determination to position Pakistan as a leader in the digital economy while ensuring investor protection and financial system integrity. “The establishment of the Pakistan Crypto Council is a step toward embracing innovation and creating a regulatory framework that ensures the safety and security of both investors and the broader financial system,” said Aurangzeb.
Bilal Bin Saqib, the newly appointed CEO of the PCC, highlighted the council’s mission to create an environment where blockchain and digital finance can flourish. “Our goal is to ensure that Pakistan becomes a competitive player in the global digital economy while prioritizing security, transparency, and innovation. By collaborating with key stakeholders, we aim to strike a balance between progressive policymaking and fostering an ecosystem that empowers entrepreneurs and businesses to explore the potential of blockchain technology,” he said.
One of the council’s key objectives is to develop clear regulatory policies that will enable the seamless adoption of cryptocurrencies and blockchain technology in Pakistan. To achieve this, the PCC will engage with both public and private sector stakeholders and work closely with international crypto and blockchain organizations to adopt global best practices. The council is also committed to encouraging responsible innovation by collaborating with fintech startups, investors, and blockchain developers.
In addition to regulatory frameworks, consumer protection and financial security will be a top priority for the council. The PCC aims to implement robust legal and compliance structures that will safeguard investors while promoting a transparent and secure environment for digital asset transactions.
The launch of the Pakistan Crypto Council represents the beginning of a new chapter in Pakistan’s financial and technological evolution. By providing clear guidance and fostering a secure space for innovation, the council aims to position Pakistan as a key player in the global digital asset landscape. This government-backed initiative is set to drive Pakistan’s digital finance sector forward, contributing to the country’s economic growth and positioning it as a leader in blockchain and cryptocurrency innovation. As the crypto landscape continues to evolve, the PCC is committed to ensuring that Pakistan remains at the forefront of the digital finance revolution, creating opportunities for businesses and investors alike.