Pakistan convenes high-level meeting on crypto regulations

(Web Desk): A high-level meeting of the Pakistan Crypto Council on digital currency regulations has been convened for June 2, with Federal Finance Minister Muhammad Aurangzeb set to chair the session.

Bilal Bin Saqib, in his capacity as Chief Executive Officer of the Pakistan Crypto Council, will also attend the meeting.

According to the Ministry of Finance, the meeting is being organized as a strategic forum to deliberate on regulations and the legal framework related to the broader landscape of digital currency and crypto in Pakistan.

The ministry’s statement confirmed that the Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan (SECP), Secretary of Law and Justice, and the Secretary of IT will also participate in the meeting.

Key agenda points include the development of a strong regulatory framework for digital and virtual assets in Pakistan that aligns with international standards and technological advancements. One major topic of discussion will be the initial groundwork for establishing the "Pakistan Virtual Assets Regulatory Authority", a proposed autonomous body to oversee the digital finance and crypto ecosystem in the country.

The statement further noted that the Council aims to lay the foundation for a secure, transparent, and regulated environment to encourage the responsible adoption of blockchain technology, investor protection, and financial inclusion.

This meeting, the ministry said, reflects the government’s commitment to building a future-ready financial structure that ensures stability and regulation in the emerging digital economy.