Islamabad – The federal government has officially launched the Pakistan Crypto Council (PCC) to oversee and regulate blockchain technology and digital assets in the country. The move comes amid growing global adoption of cryptocurrencies and digital finance, aiming to provide a structured framework for innovation while ensuring investor protection.
According to officials, the PCC will work under the supervision of the Ministry of Finance and the State Bank of Pakistan (SBP) to develop policies governing the use of cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-based financial instruments.
The council’s primary objectives include curbing illicit financial activities, promoting responsible crypto adoption, and integrating blockchain solutions into Pakistan’s economy. It will also collaborate with international regulatory bodies to align Pakistan’s policies with global standards.
Finance Minister [Name] stated that the initiative reflects the government’s commitment to leveraging blockchain for transparency, efficiency, and financial inclusion. He emphasized that while Pakistan remains cautious about full-scale cryptocurrency legalization, the council will work towards a balanced regulatory approach.
The formation of the PCC is seen as a significant step toward unlocking new opportunities in fintech, digital payments, and decentralized finance (DeFi). However, experts believe that clear guidelines and investor education will be crucial for the initiative’s success.
