In a significant move towards embracing digital finance, Pakistan has officially launched the Pakistan Crypto Council (PCC) to regulate and integrate blockchain technology and digital assets into the country’s financial system. This government-backed initiative aims to position Pakistan as a competitive player in the global digital economy.
Overview of the Pakistan Crypto Council (PCC)
The PCC was established in March 2025 as a collaborative effort between key government bodies, including the Ministry of Finance, State Bank of Pakistan, Securities and Exchange Commission of Pakistan (SECP), and the federal law and IT ministries. The council is chaired by Finance Minister Muhammad Aurangzeb, with entrepreneur Bilal Bin Saqib appointed as the Chief Executive Officer. (Dawn)
Objectives and Mandate
The primary goals of the PCC include:
- Regulatory Framework: Developing clear guidelines for the adoption and use of cryptocurrencies and blockchain technology.
- Innovation Promotion: Fostering an environment conducive to fintech startups and blockchain developers.
- International Collaboration: Engaging with global crypto and blockchain organizations to align with best practices.
- Investor Protection: Ensuring a secure and transparent ecosystem for investors and stakeholders.
Finance Minister Aurangzeb emphasized the importance of creating a regulatory framework that protects investors while fostering innovation.
Strategic Partnerships
In April 2025, the PCC partnered with World Liberty Financial (WLF), a decentralized finance platform backed by U.S. President Donald Trump. This collaboration aims to accelerate blockchain innovation and stablecoin adoption in Pakistan.
Additionally, Binance founder Changpeng Zhao was appointed as a strategic adviser to the PCC, bringing his expertise to support Pakistan’s blockchain infrastructure and regulatory frameworks.
Energy Allocation for Digital Initiatives
To support the growth of blockchain and AI technologies, the Pakistani government has allocated 2,000 megawatts of electricity for bitcoin mining and AI data centers. This initiative aims to monetize surplus electricity, create high-tech employment opportunities, and attract foreign investment.
Implications for Pakistan’s Economy
The establishment of the PCC and associated initiatives signify Pakistan’s commitment to embracing the digital economy. By integrating blockchain technology into its financial landscape, Pakistan aims to:
- Boost Economic Growth: Leveraging digital assets to stimulate economic activity.
- Enhance Financial Inclusion: Providing access to financial services through decentralized platforms.
- Attract Foreign Investment: Creating a favorable environment for international investors in the crypto space.
Conclusion
Pakistan’s launch of the Crypto Council marks a pivotal step in integrating blockchain technology into its financial system. Through strategic partnerships, regulatory frameworks, and infrastructure development, Pakistan is poised to become a significant player in the global digital economy.