GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Pakistan Launches Crypto Council to Regulate Blockchain and Digital Finance

The post Pakistan Launches Crypto Council to Regulate Blockchain and Digital Finance appeared first on Coinpedia Fintech News

Pakistan is making a major shift in its approach to cryptocurrency with the launch of the Pakistan Crypto Council (PCC). This move signals a change from its previous skepticism, where digital assets were seen as a financial risk due to their potential use in illicit activities. Now, with over 20 million active crypto users and a booming digital economy, Pakistan is embracing blockchain technology to regulate and integrate it into its financial system.

A Strategic Shift Toward Blockchain

Pakistan’s decision to create the PCC is a big change from its earlier view that crypto was a security risk. With this new council, the country now wants to be a strong player in the global digital finance space. This comes at a key moment, as more countries are realizing the benefits of blockchain technology, and even the U.S. has set up a special Bitcoin reserve.

Who’s Leading the Charge?

Finance Minister Muhammad Aurangzeb will chair the PCC, bringing together top regulatory figures, including the Governor of the State Bank of Pakistan and the Chairman of the Securities and Exchange Commission of Pakistan (SECP). This high-level leadership structure ensures that blockchain integration is approached with financial stability, security, and compliance in mind.

The development comes a week after the government appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the PCC. As the council’s CEO, he has emphasized that the PCC will not just regulate but also support the growth of blockchain and digital finance in Pakistan.

Why is it Necessary? 

The Pakistan Crypto Council (PCC) has been set up to create clear rules for using cryptocurrency in the country. Its main job is to make sure crypto adoption is safe, organized, and beneficial for the economy. To do this, the council will work with international blockchain groups, learn from their experiences, and build a strong legal system that protects users from fraud or misuse.

One of the biggest reasons Pakistan is embracing crypto is its huge remittance market. Every year, Pakistanis living abroad send home around $35 billion. Right now, sending money internationally can be slow and expensive, with banks and other services charging high fees. Crypto can change this by making transactions faster, cheaper, and more efficient, allowing families to receive more money with fewer deductions.

This move shows that Pakistan isn’t just trying to control crypto—it wants to become an important player in the global digital economy. If the PCC successfully puts its plans into action, Pakistan could see major advancements in blockchain technology, digital finance, and economic growth. The next few months will be crucial in determining how well this council can turn its vision into reality.

Latest Press

post-thumbnail
News
4 hours ago
XRP Price Prediction After Lawsuit: How High Can XRP Go if SEC Drops the Case?
The post XRP Price Prediction After Lawsuit: How High Can XRP Go if SEC Drops the Case? appeared fir...
READ MORE
post-thumbnail
News
4 hours ago
Best Meme Coins to Join for the Long Term: Secure Your XYZ Before It Hits $1 With $10M Already Raised in Presale
The post Best Meme Coins to Join for the Long Term: Secure Your XYZ Before It Hits $1 With $10M Alre...
READ MORE
post-thumbnail
News
4 hours ago
Ethereum Price Prediction 2025, 2026 – 2030: Can ETH Price Hit $5k?
The post Ethereum Price Prediction 2025, 2026 – 2030: Can ETH Price Hit $5k? appeared first on Coi...
READ MORE
post-thumbnail
News
4 hours ago
Gold Hits Record $3,004, Can Bitcoin Follow Suit or Will It Continue to Struggle?
The post Gold Hits Record $3,004, Can Bitcoin Follow Suit or Will It Continue to Struggle? appeared ...
READ MORE
default post thumbnail
News
4 hours ago
Bitcoin Whale Shorts $445 Million In BTC—Traders Plot Explosive Liquidation
Bitcoin has shown resilience by bouncing to its 200-day moving average since last Tuesday when it fe...
READ MORE
default post thumbnail
News
4 hours ago
Bitcoin To $10 Million? Experts Predict Explosive Growth By 2035
In a new publication titled The Mustard Seed, Joe Burnett—Director of Market Research at Unchained...
READ MORE
default post thumbnail
News
4 hours ago
Lightchain AI Momentum Mirrors Bitcoin’s 2012-2013 Cycle, Could a Parabolic Rally Be Next?
Lightchain AI momentum mirrors Bitcoin’s 2012-2013 cycle, could a parabolic rally be next? As ...
READ MORE
default post thumbnail
News
4 hours ago
XRP Price Prediction: Is a Breakout on the Horizon?
Every trader wants to know the XRP price prediction, but let’s be real: While XRP fights for its b...
READ MORE
default post thumbnail
News
4 hours ago
“Stablecoins Are Demonic”: The Viral Altcoin Community Making Bizarre Claims About USDC, USDT, and… Celery?
The crypto world is no stranger to controversy — but this? This is next-level insanity. A viral al...
READ MORE
default post thumbnail
News
4 hours ago
Ethereum (ETH) Couldn’t Flip Bitcoin (BTC), But Does Ripple (XRP) Stand a Chance?
Thanks to its great use cases, industry analysts expected Ethereum (ETH) to beat Bitcoin (BTC) when ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started