Pakistan has officially established the Pakistan Crypto Council (PCC) to promote block chain technology and digital assets. Finance Minister Muhammad Aurangzeb will serve as the head of the council, while Bilal Bin Saqib, the chief advisor to the finance minister, has been appointed as the Chief Executive Officer (CEO).

The Ministry of Finance stated that the creation of the council reflects the government’s commitment to advancing the digital economy in the country. The PCC is expected to play a pivotal role in shaping effective policies, promoting innovation, and ensuring the establishment of a secure financial system.

This development follows the government’s earlier announcement of plans to explore the establishment of a National Crypto Council, aimed at overseeing policy development, addressing regulatory challenges, and ensuring that Pakistan’s digital asset ecosystem evolves in a secure, compliant, and sustainable manner.

The formation of the PCC is seen as an essential milestone in Pakistan’s ongoing efforts to integrate digital financial solutions into its economy, with the goal of facilitating a more secure, innovative, and efficient financial landscape.