Pakistan Crypto Council to Hold Key Meeting on Digital Currency Regulations

The Pakistan Crypto Council is scheduled to hold a significant meeting on Monday, June 2, 2025, in Islamabad. Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, will preside over the session. The core objective is to discuss the growing regulatory and legal structures surrounding digital currencies and the overall cryptocurrency environment in Pakistan.

Bilal Bin Saqib, serving as the Minister of State and Special Assistant to the Prime Minister on Blockchain and Crypto, will participate in his role as the chief executive officer of the Pakistan Crypto Council.

The assembly will include council members such as the governor of the State Bank of Pakistan (SBP), the chairman of the Securities and Exchange Commission of Pakistan (SECP), the secretary of the Law and Justice Division, and the secretary of the Ministry of Information Technology and Telecommunication.

Key Discussion Points
  • The primary focus will be on creating a strong regulatory framework for governing digital and virtual assets within Pakistan, consistent with international norms and technological progress.
  • A central part of the discussion will be setting the stage for the Pakistan Virtual Assets Regulatory Authority (PVARA), a projected independent entity to supervise the nation’s digital finance and crypto sector.

The council’s intention is to build a safe, open, and innovation-supportive regulatory space. This initiative seeks to promote the accountable use of blockchain technology, protect investors’ interests, and broaden financial involvement across the country.