- Pakistan Crypto Council will include a high level panel.
- Pakistan ranks 3rd in the global indication for cryptography.
- The Council should position Pakistan at the forefront of financial innovation
London / Islamabad: In a historic decision to accelerate digital transformation, the Government of Pakistan has officially constituted Pakistan Crypto Council (PCC).
A notification issued by the finance division has announced that Pakistan Crypto Council would include a panel of high -level members responsible for shaping the country’s digital financial future.
The composition of the council includes: President: Minister of Finance and Income; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Division of Law and Justice; Member: Federal Secretary, IT; And member: President, Securities and Exchange Commission of Pakistan.
The Council appointed Bilal Bin Saqib as Managing Director, reporting a commitment to integrate cryptocurrency and blockchain technology in the country’s financial ecosystem.
Last week, SAQIB was appointed chief advisor to the Minister of Finance in Pakistan Crypto Council to reaffirm Pakistan’s commitment to adopt technological progress while guaranteeing good political measures that support the national economy, digital transformation and a secure transparent financial system for all.
Pakistan, a country that has ranked 3rd in the global cryptography adoption index, has 20 million active cryptocurrency users and $ 20 billion + in cryptographic transactions.
Currently, the country ranks in the top 10 in terms of the adoption of cryptography. With $ 35 billion in annual funds, the country is about to benefit from the adoption of cryptography.
The official establishment of Pakistan Crypto Council reflects the strategic alignment of Pakistan on the World Crypto-Monnaie Revolution.
The Council should position Pakistan at the forefront of digital financial innovation, paving the way for a secure, transparent and dynamic digital ecosystem.