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Pakistan considers establishing National Crypto Council

Finance minister: Pakistan to explore digital assets, integrate blockchain in financial sector modernisation
Published 25 Feb, 2025 09:52pm
Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. Photo via  Reuters
Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. Photo via Reuters

The Pakistan government is considering the establishment of a National Crypto Council to ensure that the country’s digital asset ecosystem evolves in a secure, compliant, and sustainable manner.

This was shared at a high-level meeting on digital assets chaired by Finance Minister Muhammad Aurangzeb in Islamabad.

The council will serve as a dedicated advisory body comprising key government representatives, regulatory authorities, and industry experts.

It will also collaborate with friendly countries to develop standardized frameworks for international digital economic engagement.

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Addressing the meeting, Finance Minister Muhammad Aurangzeb expressed the government’s commitment to exploring digital assets and integrating blockchain technology as part of a broader strategy to modernize the financial sector.

He directed relevant stakeholders to formulate a comprehensive framework that ensures security, transparency, regulatory compliance, and economic viability while safeguarding against financial crimes and illicit activities.

He also stressed the need for a balanced approach that encourages innovation and investment in digital assets while maintaining strict regulatory oversight in line with international standards.

The meeting was attended by foreign delegates, including President Trump’s Advisors for Digital Assets.

bitcoin

Muhammad Aurangzeb

digital currency