BeNewz
Related Articles
Aftab Maken
Islamabad: A follow-up meeting of the Pakistan Crypto Council (PCC) was held on Thursday at the Finance Division to review progress on developing a regulatory framework for digital and virtual assets in the country. The session was chaired by Federal Finance Minister Senator Muhammad Aurangzeb.
The meeting brought together top policymakers and regulators, including the Governor of the State Bank of Pakistan (SBP), Chairman of the Securities and Exchange Commission of Pakistan (SECP), and secretaries from the Ministries of Law and IT. Bilal Bin Saqib, Minister of State and CEO of the Pakistan Crypto Council, joined virtually.
A key highlight of the meeting was the presentation of a draft legal framework by the Ministry of Law and Justice. The proposed legislation has been developed in collaboration with the PCC, relevant ministries, and technical experts.
The draft outlines comprehensive regulations for digital assets, including governance structures, licensing requirements, and investor protection measures. Officials said it reflects international best practices and aims to position Pakistan as a modern and proactive player in the global crypto space.
Finance Minister Aurangzeb appreciated the joint efforts of all stakeholders and emphasized the urgency of finalizing the framework. He stressed that timely regulation is essential to unlock the potential of blockchain and crypto technologies while ensuring legal clarity for businesses and investors.
The participants reviewed the draft in detail and agreed to fast-track its in-principle approval to pave the way for swift implementation.
