Business Desk 
Jun 03, 2025
Amid backlash from lawmakers and authorities over its legitimacy, the Pakistan Crypto Council (PCC) seems adamant about driving the well-regulated adoption of virtual assets in Pakistan as the council is reportedly mulling over the establishment of a technical committee responsible for drafting regulatory laws for cryptocurrency.
The formation of a new committee was discussed at a high-level meeting of the PCC, convened at the Finance Divisio, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, aiming to align Pakistan's regulations with international standards.
It was learned that the committee will include representatives from the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), Law Division, and the IT & Telecom Division, ProPakistani reported.
It will be authorised to review the draft of crypto laws and propose a comprehensive framework and governance structure for the PCC's consideration in its next meeting.
The PCC members deliberated on key measures needed to foster a secure, transparent, and innovation-friendly regulatory environment for cryptocurrencies in Pakistan.
Primary goals of the purported committee include promoting blockchain adoption, safeguard investors, and advancing financial inclusion across the country.
The meeting was also virtually attended by Bilal Bin Saqib, the PCC CEO and the special assistant to the Prime Minister on blockchain and crypto, and the SBP governor.
