PCC forms technical committee with SBP, SECP

June 02, 2025 (MLN): The Pakistan Crypto Council (PCC) agreed to constitute a technical committee comprising representatives from the State Bank of Pakistan (SBP), the Securities and Exchange Commission of Pakistan (SECP), the Law Division, and the IT and Telecom Division.

This was discussed during a meeting held today at the Finance Division, chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, as per the press release issued today.

The committee will review the draft laws and propose a robust framework and governance structure to be reviewed by PCC in its next meeting.

The meeting focused on the draft regulatory framework for digital and virtual assets in Pakistan, aiming to align with international standards and evolving technological trends.

Participants also discussed various options around the establishment of an autonomous regulatory authority to oversee and regulate the digital finance and crypto ecosystem in the country.

Members of the Council provided valuable input to ensure a secure, transparent, and innovation-friendly regulatory environment.

Their goal was to promote responsible blockchain adoption, safeguard investors, and advance financial inclusion.

The Chair appreciated the contributions of all stakeholders.

He reaffirmed the government's commitment to building a future-ready financial infrastructure that supports innovation while maintaining financial stability and regulatory compliance.

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