Regulatory Framework for Digital Currency to Be Discussed by Pakistan Crypto Council

The Pakistan Crypto Council is scheduled to convene a high-level meeting on Monday, June 2, to discuss the regulatory and legal framework governing digital currencies and the broader cryptocurrency ecosystem in Pakistan.

The session will be chaired by Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, according to a statement released by the Finance Ministry. Bilal Bin Saqib, Minister of State and Special Assistant to the Prime Minister on Blockchain and Crypto, will also participate as the CEO of the Pakistan Crypto Council.

Key members expected to attend include 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.

Central to the meeting’s agenda is the formulation of a comprehensive regulatory framework for digital and virtual assets that aligns with global standards and accommodates rapid technological advancements. A significant focus will be the groundwork for establishing the Pakistan Virtual Assets Regulatory Authority (PVARA), a proposed independent body tasked with overseeing the country’s digital finance and crypto sector.

The Council aims to create a secure and transparent regulatory environment that fosters innovation, encourages responsible blockchain adoption, safeguards investors, and promotes financial inclusion.

This upcoming meeting highlights the government’s commitment to developing a future-ready financial infrastructure, ensuring both stability and regulatory compliance in Pakistan’s emerging digital economy.

Source: Web Desk