- Pakistan Crypto Council held its first meeting to develop a consolidated regulatory approach for cryptocurrency and blockchain technology in the country.
- The council, led by Finance Minister Muhammad Aurangzeb and CEO Bilal Bin Saqib, aims to create a comprehensive framework that addresses Pakistan’s unique economic context.
- Proposals include leveraging Pakistan’s surplus electricity for Bitcoin mining and implementing blockchain technology across various sectors of the economy.
Pakistan’s newly formed Pakistan Crypto Council (PCC) conducted its inaugural meeting on Friday, March 21, 2025, signaling the country’s strategic pivot toward blockchain technology as the foundation for its cryptocurrency roadmap. The council, chaired by Finance Minister Senator Muhammad Aurangzeb, has directed regulators to abandon siloed approaches in favor of a unified regulatory framework.
The high-profile meeting brought together key financial and technological stakeholders, including Bilal Bin Saqib, CEO of the PCC, the governor of the State Bank of Pakistan, the chairman of the Securities and Exchange Commission of Pakistan (SECP), and federal secretaries from the IT and law ministries.
During the session, CEO Saqib presented a comprehensive vision for Pakistan’s cryptocurrency landscape, highlighting both current challenges and future opportunities. He emphasized regulatory models that could be adapted to Pakistan’s specific economic environment.
“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,” stated Finance Minister Aurangzeb during the meeting.
One noteworthy proposal introduced by Saqib involved transforming Pakistan’s energy surplus into an economic advantage through Bitcoin mining operations—effectively converting what has been an economic liability into a potential revenue stream.
Council participants stressed the importance of developing a regulatory framework that balances innovation with consumer protection. The discussions covered critical areas including licensing regimes, blockchain mining regulations, and the development of a comprehensive national blockchain policy.
Finance Minister Aurangzeb emphasized that while international best practices provide valuable insights, Pakistan must develop models firmly grounded in local economic realities. He also highlighted the importance of building upon existing work and expertise in the field.
Blockchain technology, the foundation of this initiative, functions as a distributed digital ledger that records transactions securely and transparently. Unlike conventional databases housed in single locations, blockchain distributes data across numerous computer nodes, creating a more resilient and tamper-resistant system.
The PCC will serve as an umbrella organization, bringing together stakeholders and regulatory bodies to collaborate on developing a responsible cryptocurrency framework. The council’s approach includes careful planning, pilot programs, and ensuring compliance with international obligations.
The meeting concluded with members affirming their commitment to carefully navigating the path forward, with the dual goals of harnessing blockchain and cryptocurrency potential while safeguarding Pakistan’s broader economic interests.
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