On June 5, 2025, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the Pakistan Crypto Council (PCC) follow-up meeting in Islamabad to review progress on a comprehensive regulatory framework for digital and virtual assets.
As Arab News reported, the Pakistan Crypto Council 2025 initiative aligns with global standards and aims to position Pakistan as a leader in blockchain innovation.
The Ministry of Law and Justice has presented a draft legal framework developed in collaboration with members of the PCC, stakeholders, and technical experts. This framework outlines governance structures, licensing protocols, and protections for investors. It complies with the Financial Action Task Force (FATF) standards and supports the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA).. Key attendees at the meeting included the Governor of the State Bank of Pakistan (SBP), the Chairman of the SECP, and other important secretaries. They worked together to refine the draft and agreed to expedite its approval.
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Minister of State for Crypto & Blockchain, @BilalBinSaqib, met with @BoHines47, Executive Director of @POTUS Donald Trump’s Council on Digital Assets, at the White House to discuss strategic alignment on Bitcoin, digital assets and decentralized infrastructure.
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— Pakistan Crypto Council (@cryptocouncilpk) June 4, 2025Aurangzeb commended the collaborative effort, highlighting the need for swift action to unlock blockchain technology’s economic potential. Bilal Bin Saqib, the Special Assistant to the Prime Minister on Blockchain and Crypto, participated virtually, emphasising the council’s focus on innovation. The council, launched in March 2025, aims to regulate Pakistan’s $25 billion cryptocurrency market, which has 40 million users.
Pakistan’s digital assets regulation marks a significant shift from the country’s 2018 ban on cryptocurrency to a more proactive approach to oversight. Establishing the Pakistan Crypto Council (PCC) and the Pakistan Digital Asset Authority (PDAA) aims to promote financial inclusion. This regulatory framework supports initiatives such as creating a strategic Bitcoin reserve and allocating 2,000 MW for cryptocurrency mining.
