Business Desk 
Feb 26, 2025
The federal government is considering forming a National Crypto Council to regulate digital assets and blockchain in Pakistan.
Federal Minister for Finance and Revenue Muhammad Aurangzeb made this announcement in a high-level meeting on digital assets on Tuesday.
He suggested Crypto Council will be an advisory organisation based on members from the government, regulatory bodies, and industry professionals.
Govt to introduce National Crypto Council
Its major role will be policy formulation, solving regulatory issues, and providing a secure and compliant digital asset environment in Pakistan. The Council will also collaborate with other nations to develop international standards for digital assets.
The finance minister directed relevant stakeholders to come up with an all-encompassing regulatory framework that provides security, transparency, and economic development while avoiding financial crimes.
Moreover, he stressed the need to balance investment and innovation in digital assets with rigorous regulatory control to conform to international standards, such as Financial Action Task Force (FATF) guidelines.
At the meeting, the global growth of cryptocurrency, its adoption, and varying regulatory frameworks were discussed.
Pakistan has more than 20 million users of digital assets and is plagued by issues like high transaction fees. However, now the government appears committed to addressing such issues with proper laws and incentives.
