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The Pakistan Crypto Council has been established to oversee and regulate the cryptocurrency and blockchain sector. Its primary mandates, as outlined in the Terms of Reference (ToRs), include:
- Regulatory Framework: Establish clear guidelines to facilitate the adoption of cryptocurrency in Pakistan.
- Global Engagement: Collaborate with international cryptocurrency and blockchain organizations to ensure the adoption of global best practices.
- Responsible Innovation: Encourage innovation by working closely with fintech startups, investors, and blockchain developers.
- Consumer Protection: Ensure financial security and protect consumers through strong legal and compliance frameworks.
The council was formally constituted by the Government of Pakistan through a Finance Division notification (No. F. No. 3(13) DS-Banking/2025) dated March 1–4, 2025. It is chaired by the Minister for Finance and Revenue and includes key members from federal institutions such as the State Bank of Pakistan, SECP, MoITT, and the Law and Justice Division.
The current CEO, Bilal bin Saqib, is active, as he made Binance CEO CZ, the official advisor of the council, thus partnering with the best minds in the global crypto sector.
The Ministry of Information Technology and Telecommunication (MoITT), represented by the Federal Secretary, will serve as a key member of the council. It will provide input and advice on matters related to the council’s Terms of Reference.
