Pakistan Plans National Crypto Council for Digital Growth

Pakistan plans National Crypto Council to regulate digital assets, attract investment, and boost its digital economy with international-standard policies.

Pakistan is taking a big step toward digital growth by planning to create a National Crypto Council. Regulating digital assets together with policy creation is a national objective that is meant to improve the country’s digital economy. According to local media, Finance Minister Muhammad Aurangzeb revealed the initiative, which needs an international-standard framework.

The officials gathered during a high-level digital asset meeting decided on the new direction following the presence of U.S. digital asset advisors and State Bank Governor Jameel Ahmed and IT Minister Khawaja Shaza Fatima. Global cryptocurrency trends together with financial security risks and digital asset economic prospects for Pakistan were topics of discussion during the meeting session.

A future council will be composed of both governmental representatives and regulatory body members and industry professionals. The establishment will concentrate on policy development while resolving regulatory problems and building cooperative frameworks together with international partners for digital economic operations.

National Crypto Council to Boost Pakistan Digital Economy

Finance Minister Aurangzeb instructed the State Bank of Pakistan to study cryptocurrency implementation. According to him, the global crypto market maintenance a rapid expansion rate as it now exceeds trillions of dollars in total value. The country of Bhutan, together with various other nations, demonstrates its progress with this initiative. Pakistan’s absence of specific legal infrastructure has become a main barrier to its advancement within the cryptocurrency marketplace.

Aurangzeb emphasized the need for Pakistan to build a digital asset framework which complies with international standards and Financial Action Task Force (FATF) requirements. The government expressed its fascination with blockchain technology while saying that it wants to use tokenization to transform key infrastructure and state-owned assets. The establishment of such regulations could enhance market liquidity which would draw additional investors into Pakistan’s capital markets.

The digital asset market in Pakistan hosts more than 20 million active users during the present time. However, many face high transaction fees and uncertainty due to unclear regulations. The National Crypto Council’s establishment intends to solve these problems which will create the conditions necessary for digital economy advancement through innovation and investment in Pakistan.

This initiative reflects Pakistan’s commitment to embracing modern financial technologies and becoming a competitive player in the global digital economy.