Pakistan Government Officially Launches “Crypto Council”

The Pakistani government has formally launched the Pakistan Crypto Council (PCC), to “regulate and integrate blockchain technology and digital assets”, a ““significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape”, as per a government press release. The aim of the PCC, to be chaired by Minister of Finance Muhammad Aurangzeb, is “to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption in Pakistan”. The PCC’s board will include the Governor of the State Bank of Pakistan, the Chair of the Securities and Exchange Commission (SECP), as well as federal secretaries for IT and Law.