- The Pakistan Crypto Council will include a high-level panel.
- Pakistan ranks third in the Global Cripto adoption index.
- Council leads Pakistan’s position at the forefront of financial innovation
London/Islamabad: In a historic step to accelerate digital change, the Government of Pakistan has officially formed the Pakistan Crypto Council (PCC).
A notification issued by the Finance Division announced that the Pakistan Crypto Council would include a high-level panel of members working with shaping the country’s digital financial future.
Council composition includes: Chairman: Finance and Revenue Minister; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Law and Justice Division; Member: Federal Secretary, IT; And members: Chairman of Pakistan, Securities and Exchange Commission.
The council has appointed Bilal bin Saqib as its Chief Executive Officer, indicating a commitment to integrate cryptocurrency and blockchain technology in the country’s financial ecosystem.
Last week, Saqib was appointed as the Chief Advisor to the Finance Minister at the Pakistan Crypto Council, which confirms Pakistan’s commitment to embrace technical progress by ensuring the national economy, digital change and a safe, transparent financial system supporting sound policy measures.
Pakistan, a country, which was third in the Global Cripto adoption index, in the Crypto transaction is 20 million active crypto currency users and $ 20bn +.
Currently, the country ranks into the top 10 in terms of adoption of crypto. In annual remittance with $ 35BN, the country is designed for benefit from crypto adoption.
The formal establishment of Pakistan Crypto Council, reflects Pakistan’s strategic alignment with the global cryptocurrency revolution.
The council is at the forefront of digital financial innovation, paving the way for a safe, transparent and dynamic digital ecosystem.
