PCC achieves milestone in global crypto landscape in 50 days

May 05, 2025 (MLN): Pakistan has emerged as a notable force in the global cryptocurrency industry, as the Pakistan Crypto Council (PCC), established on March 14, 2025, achieved remarkable progress within just fifty days, earning international recognition and praise.

Unlike many governmental bodies that often remain confined to memorandums of understanding and roundtable discussions, the PCC has taken decisive actions to elevate Pakistan's stature in the crypto sector.

A notable milestone is the appointment of Changpeng Zhao (CZ), founder of Binance, as a strategic advisor to the council.

CZ's leadership of the world's largest cryptocurrency exchange and his personal wealth, which has at times exceeded $100 billion, underscore the significance of this collaboration.

This appointment marks an unprecedented achievement for a developing country like Pakistan, as APP reported.

In another groundbreaking development, the PCC has signed a Letter of Intent with World Liberty Financial (WLF), a U.S.-based blockchain initiative backed by former President Donald Trump.

The WLF delegation included Zachary Witkoff, son of American real estate magnate Steve Witkoff and a member of the Middle East peace team.

This partnership aims to promote stablecoins, decentralized finance (DeFi), and cross-border blockchain infrastructure in Pakistan.

It represents the first such agreement between a Pakistani entity and a U.S. blockchain project.

The PCC's strategic advancements have not gone unnoticed in the region.

Amidst regional tensions, Pakistan's proactive approach to crypto diplomacy has been highlighted by international media, including India's Times of India, which acknowledged Pakistan's success and critiqued its own crypto policies.

Furthering its international collaborations, PCC CEO Bilal Bin Saqib recently met with Malaysia's Foreign Minister, Mohamed bin Haji Hassan, in Kuala Lumpur.

The discussions focused on integrating blockchain technology, digital assets, and Sharia-compliant financial systems, laying the foundation for a Pakistan-Malaysia digital finance partnership.

This initiative aims to develop a framework for digital assets aligned with FATF standards and Islamic finance principles.

Domestically, the PCC is exploring the utilization of surplus electricity for establishing data centers and crypto mining farms.

Negotiations are underway with international Bitcoin mining companies to identify suitable locations across Pakistan, aiming to convert excess energy into economic value.

Additionally, discussions with organizations specializing in tokenizing real-world assets, such as land and commodities, are in progress to bring these assets onto blockchain platforms.

The council is also developing a comprehensive, FATF-compliant regulatory framework with assistance from global experts.

This framework will encompass AML/KYC standards, risk-based regulations, and policies promoting sustainable innovation, with implementation expected in a notably short timeframe.

In a testament to Pakistan's growing influence in the crypto space, Justin Sun, founder of the TRON network with a market value exceeding $24 billion, is preparing to visit Pakistan.

Other prominent crypto innovators and institutional partners have also accepted invitations to engage with the PCC.

While neighboring India has imposed a 30% tax on cryptocurrencies, leading to an exodus of developers and investors, Pakistan's open and structured approach is attracting capital, talent, and innovation to the region.

Through strategic initiatives and international collaborations, the Pakistan Crypto Council is not only transforming the nation's digital finance landscape but also positioning Pakistan as a leader in the global crypto economy.

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