ISLAMABAD:
The Pakistan Crypto Council (PCC) held a high-level meeting today at the Finance Division to discuss the draft regulatory framework for digital and virtual assets in Pakistan.
The meeting, chaired by Finance Minister Muhammad Aurangzeb, focused on aligning the country’s regulatory framework with international standards and adapting to evolving technological trends in the digital finance and crypto sector.
A key discussion point was the establishment of an autonomous regulatory authority to oversee and regulate the crypto and digital finance ecosystem in Pakistan. The goal is to create a secure, transparent, and innovation-friendly regulatory environment that promotes responsible blockchain adoption, protects investors, and drives financial inclusion.
During the meeting, council members provided valuable input to shape the framework, ensuring it supports innovation while maintaining financial stability and regulatory compliance.
Aurangzeb expressed appreciation for the contributions of all stakeholders and reaffirmed the government’s commitment to building a future-ready financial infrastructure.
In an important development, the meeting agreed to form a technical committee composed of representatives from SBP, SECP, the Law Division, and the IT and Telecom Division. This committee will review the draft laws and propose a robust governance framework, which will be reviewed by the PCC in its next meeting.
The meeting was attended virtually by PCC CEO Bilal Bin Saqib and State Bank of Pakistan (SBP) governor. Meanwhile, Securities and Exchange Commission of Pakistan (SECP) chairman, along with the secretaries of the Law and Justice Division and the Ministry of Information Technology and Telecommunication, participated in person.
