Islamabad/Kuala Lumpur: In a significant move to enhance regional cooperation in the digital economy, Malaysia’s Foreign Minister, Mohamad Bin Haji Hasan, recently met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to explore joint initiatives in blockchain technology, digital assets, and Shariah-compliant finance.
The meeting aimed to lay the foundation for a Pakistan-Malaysia Digital Finance Partnership, focusing on developing FATF-compliant, Shariah-aligned digital asset frameworks that could serve as a model for the broader Organisation of Islamic Cooperation (OIC).
Bilal Bin Saqib emphasized the natural synergy between Malaysia’s leadership in Islamic finance and Pakistan’s emerging role in crypto regulation.
He remarked, “Together, we have a historic opportunity to set global standards for ethical innovation in digital finance — from halal stablecoins and tokenized sukuks to compliant regulatory sandboxes and youth empowerment.”
The Pakistan Crypto Council is at the forefront of creating a regulatory framework for crypto tailored to emerging markets, ensuring innovation while adhering to international standards.
The meeting covered key areas of collaboration, including regulatory coordination, cross-border talent development, and Web3 education initiatives.
This engagement marks the beginning of a deeper economic and technological partnership between Pakistan and Malaysia, aligned with shared goals of driving values-based innovation in finance.
Additionally, the recent inclusion of Binance Founder Changpeng Zhao as a Strategic Advisor to the PCC further boosts global confidence in Pakistan’s role in the digital asset space.
Background
The Pakistan Crypto Council (PCC) is a leading organization dedicated to advancing the digital asset and blockchain technology landscape in Pakistan.
Established with the vision to promote innovation and regulatory excellence in the cryptocurrency and digital finance sectors, the PCC plays a crucial role in shaping the country’s approach to emerging technologies in a rapidly evolving global financial ecosystem.
The council’s primary mission is to foster a robust regulatory framework for cryptocurrencies and digital assets in Pakistan, ensuring compliance with international standards such as those set by the Financial Action Task Force (FATF).
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By working closely with government bodies, regulators, and global industry leaders, the PCC is helping to craft policies that encourage innovation while protecting investors and ensuring the integrity of the financial system.
A key focus of the PCC is to facilitate the development of Shariah-compliant financial products within the crypto space.
Sukuks (Islamic bonds)
This includes promoting halal stablecoins, tokenized sukuks (Islamic bonds), and other blockchain-based solutions that align with Islamic finance principles.
By aligning digital asset offerings with Islamic finance standards, the PCC aims to integrate the crypto industry with the broader financial system in a way that supports ethical, values-based innovation.
The council is also spearheading efforts to promote cross-border collaboration, talent development, and education in Web3 technologies.
These initiatives are critical for equipping the next generation of professionals with the skills needed to navigate the complex world of decentralized finance (DeFi) and blockchain innovation.
In a major boost to Pakistan’s global presence in the crypto space, the PCC recently appointed Changpeng Zhao, the founder of Binance, as a Strategic Advisor.
Also Read: Crypto success in Pakistan: Govt Prepares Legal Tax Policy for Digital Assets
This development signifies a growing confidence in Pakistan’s leadership role in the digital assets market and signals a promising future for the country’s digital economy.
Through its efforts, the PCC aims to position Pakistan as a leader in digital finance, paving the way for a secure, innovative, and ethically grounded financial future.
