Council will develop a robust legal and compliance framework to ensure consumer protection and financial security.
Pakistan Forms Crypto Council Under Leadership of FinMin Aurangzeb. The federal government has formally constituted the Pakistan Crypto Council under the chairmanship of Finance Minister Muhammad Aurangzeb.
The council aims to promote effective policymaking, innovation and establish a secure financial system.
According to the Ministry of Finance, Muhammad Aurangzeb will be the head of the council while his chief advisor Bilal bin Saqib has been appointed as the CEO.
Bilal bin Saqib will lead the initiative with his expertise in blockchain technology, investment strategies and digital innovation.
The council’s board members include the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Federal Secretary Law and the Federal Secretary.
The council will make recommendations to promote crypto adoption, build relationships with global crypto and blockchain organizations, and align with international best practices.
It will also work with fintech companies, startups, investors, and blockchain developers to encourage responsible innovation.
Furthermore, the Council will develop a robust legal and compliance framework to ensure consumer protection and financial security.
The Ministry of Finance emphasized that the establishment of the Pakistan Crypto Council marks a new chapter in the country’s financial and technological development, which is a significant step towards the promotion and regulation of blockchain technology and digital assets.
The Council is expected to play a key role in formulating effective policies, promoting modernization, and building a secure financial system to foster crypto adoption.
