Pakistan Minister of Finance, Muhammad Aurangzeb, highlighted the crucial role of Pakistan Crypto Council (CCP) in the formation of the country’s future in digital assets and blockchain technology.
Speaking Friday during the inaugural meeting of the Council in Islamabad, Aurangzeb said that the organization would act as a central platform, bringing together regulators and stakeholders in the industry to develop a responsible and lively regulatory framework for cryptocurrencies.
He reaffirmed the government’s commitment to promote a transparent and ready -made financial ecosystem that attracts investments, empowers young people and positions Pakistan as a leader in emerging technologies.
The meeting ended with a consensus on navigation with carefully the approach of Pakistan to blockchain and cryptocurrencies, ensuring economic stability while maximizing the potential of digital assets.
Earlier this month, the federal government officially launched the PCC to regulate and integrate blockchain technology and digital assets in the country’s financial system, according to a press release from the finance division.
The announcement follows the recent appointment of Bilal Bin Saqib as chief advisor to the Minister of Finance of the Council. The PCC is an initiative supported by the government designed to regulate, promote and integrate blockchain and cryptocurrency innovations in the economic framework of Pakistan.
A declaration division declaration described the training of the Council as an important step in the country’s efforts to adopt digital finance, positioning it as a key player in world change towards blockchain technology.
The Council will be led by the Minister of Finance Muhammad Aurangzeb, with its immediate council including the governor of the State Bank of Pakistan, the president of the Securities and Exchange Commission of Pakistan (SECP), the Federal Secretary on Law and the Federal IT secretary.
