Crypto council key to Pakistan’s digital future: FinMin

March 21, 2025 (MLN): The critical role of the Pakistan Crypto Council (PCC) in shaping the country’s future in the digital asset space was highlighted by Finance Minister Muhammad Aurangzeb during the Council’s inaugural meeting in Islamabad.

He emphasized the importance of regulatory clarity and collaboration in unlocking the full potential of Pakistan’s crypto sector.

The meeting focused on Pakistan’s untapped opportunities in the digital asset space, with PCC CEO Bilal Bin Saqib presenting a comprehensive vision and mission for the Council.

His presentation shed light on the current state of Pakistan's crypto landscape, highlighting challenges, barriers to adoption, and the need for well-defined regulations.

He also proposed leveraging Pakistan’s surplus electricity for Bitcoin mining, turning potential liabilities into assets, according to the press release issued today.

Finance Minister Aurangzeb stressed that the PCC will serve as a unifying platform, bringing together stakeholders and regulatory bodies to develop a responsible and forward-looking crypto regulatory framework.

“This is the beginning of a new digital chapter for our economy. We are committed to building a transparent, future-ready financial ecosystem that attracts investment, empowers our youth, and puts Pakistan on the global map as a leader in emerging technologies,” he stated.

He further noted that while Pakistan can learn from international regulatory models, it must develop business and revenue structures suited to its unique economic conditions.

The Minister also underscored the need to build upon existing efforts by various organizations and experts in the field.

Key participants in the meeting included the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal IT and Law Secretaries.

They highlighted the need for a structured regulatory framework, legislation, and licensing regimes while stressing consumer protection, blockchain mining, and the formulation of a national blockchain policy.

Discussions also covered the phased rollout of regulations, pilot programs, and alignment with international obligations.

The meeting concluded with a shared commitment to carefully charting a path forward, ensuring Pakistan fully capitalizes on the potential of blockchain and cryptocurrencies while safeguarding the country’s economic interests.

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