The Pakistan Crypto Council (PCC), launched in March to promote digital assets and blockchain integration, has decided to form a technical committee to draft a regulatory framework for digital and virtual assets, the Ministry of Finance announced.
Chaired by Finance Minister Muhammad Aurangzeb, the meeting included key figures such as the SBP governor, SECP chairman, and PCC CEO Bilal Bin Saqib. The goal is to create a secure, transparent, and innovation-driven environment that aligns with international standards and encourages responsible blockchain adoption while protecting investors.
The new technical committee will include representatives from the State Bank, SECP, Law Division, and IT & Telecom Division, tasked with refining draft laws and building a governance structure. These proposals will be reviewed at the PCC’s next meeting.
The finance minister reiterated the government’s commitment to a future-ready financial system that embraces innovation while ensuring compliance and stability.
The move follows the unveiling of Pakistan’s first government-backed Strategic Bitcoin Reserve and the proposal of a digital currency regulation bill by PPP MNA Sharmila Farooqi. Although crypto is currently banned for use in Pakistan, officials have acknowledged the need for structured regulation.
