Pakistan Crypto Council to Discuss Digital Currency Regulations

The Pakistan Crypto Council (PCC), the regulatory organization responsible for overseeing and promoting blockchain technology in Pakistan, will hold a significant assembly on Monday, June 2, 2025. The purpose is to discuss the changing regulatory and legal environment surrounding digital currencies and the wider cryptocurrency market within the nation.

According to a statement issued by the Ministry of Finance on Friday, Finance Minister Muhammad Aurangzeb will preside over the PCC meeting.

Bilal Bin Saqib, the recently named Special Assistant to the Prime Minister (SAPM) for Blockchain and Crypto, will also be present as the Chief Executive Officer of PCC.

Key agenda items include creating a strong regulatory framework for managing digital and virtual assets in Pakistan, in accordance with global standards and technical breakthroughs.

According to the statement, a key topic of discussion will be establishing the Pakistan Virtual Assets Regulatory Authority (PVARA), a suggested independent organization that would oversee the digital finance and crypto ecosystem in the country.

The PCC intends to create a safe, transparent, and innovation-friendly regulatory environment in order to encourage the responsible use of blockchain technology, safeguard investors, and broaden financial inclusion.

The statement reads, “The next meeting emphasizes the government’s commitment to developing a future-ready financial infrastructure while maintaining stability and compliance in the growing digital economy.”

Members of the Council will also attend the meeting, including 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 & Justice Division, and the Secretary of the Ministry of Information Technology & Telecommunication.

The State Bank of Pakistan (SBP) and the Ministry of Finance informed the National Assembly Standing Committee on Finance on Thursday that cryptocurrency is not permitted in Pakistan and that cryptocurrency trading is prohibited there.

The SBP and the Finance Ministry emphasized the necessity for a strong legal framework for cryptocurrency trading in the nation. They declared that “cryptocurrency is now prohibited in Pakistan.”

According to SBP officials, “the SBP issued instructions to banks in 2018 prohibiting cryptocurrency trading in the nation. It is still not considered legal cash. The Crypto Council has received recommendations from the SBP.”