Islamabad – 5th June 2025 A crucial follow-up meeting of the Pakistan Crypto Council (PCC) was held today at the Finance Division to review the progress on developing a comprehensive regulatory framework for digital and virtual assets in Pakistan. The session was chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue.
The meeting was attended virtually by Mr. Bilal Bin Saqib, Minister of State and Special Assistant to the Prime Minister on Blockchain and Crypto as well as CEO of the Pakistan Crypto Council. Other key participants included the Governor of the State Bank of Pakistan (SBP), Chairman of the Securities and Exchange Commission of Pakistan (SECP), Secretary of the Law & Justice Division, and Secretary of the Ministry of Information Technology & Telecommunication.
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During the session, the Ministry of Law and Justice presented a draft of the proposed legal framework, developed collaboratively with members of the Pakistan Crypto Council, key stakeholders, and technical experts.
The draft legislation proposes a robust regulatory structure for digital and virtual assets, covering governance mechanisms, licensing protocols, and investor protection measures. Aligned with international best practices and evolving global standards, this framework aims to position Pakistan as a progressive player in the digital asset ecosystem.
Finance Minister Muhammad Aurangzeb praised the collaborative efforts and emphasized the importance of promptly finalizing and implementing the framework to provide legal certainty and unlock the economic potential of blockchain and cryptocurrency technologies in Pakistan.
The draft was thoroughly reviewed and refined during the meeting, and it was agreed that the in-principle approval process will be expedited to ensure timely enactment and effective implementation.
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