Prime Minister Pakistan Crypto Council Established: Government Moves Towards Crypto Regulation-Notification

Pakistan Forms Crypto Council – A Major Step Towards Regulating Digital Finance:

In a groundbreaking move, the Government of Pakistan has officially constituted the Pakistan Crypto Council under the directives of the Prime Minister. This initiative aims to establish a structured regulatory framework for cryptocurrency and blockchain technology in the country, ensuring financial security and promoting responsible innovation.

The Pakistan Crypto Council will be led by key government officials, including the Minister for Finance and Revenue as Chairman and the Governor of the State Bank of Pakistan as a Member. Additionally, subject matter experts will be brought in at a later stage to refine regulations further.

The Council’s Terms of Reference (ToRs) include:
Developing clear regulatory guidelines for crypto adoption
Engaging with international blockchain and crypto organizations
Encouraging responsible innovation within the fintech industry
Ensuring financial security and consumer protection

This initiative marks a significant milestone in Pakistan’s financial and technological landscape, positioning the country towards a digitally advanced future.

GOVERNMENT OF PAKISTAN
Finance Division
(Internal Finance Wing)

F. No. 3(13)DS-Banking/2025                                                                                                                                                                                        Islamabad, the 14^th March, 2025

SUBJECT:             PAKISTAN CRYPTO COUNCIL

The Prime Minister has been pleased to constitute Pakistan Crypto Council.

Composition:

• Minister for Finance and Revenue                                           Chairman
• Governor, State Bank of Pakistan                                            Member
• Federal Secretary, Law and Justice Division                          Member
• Federal Secretary, IT                                                                Member
• Chief Advisor to the Finance Minister                                     CEO

Subject matter Experts will be added in the Council in the next phase.

Terms of Reference (ToRs):

1. To establish clear regulatory guidelines for facilitating crypto adoption
2. To engage with international crypto and blockchain organizations ensuring best practices
3. To encourage responsible innovation by working closely with key players in the industry including fintech startups, investors and blockchain developers
4. To protect consumers and ensure financial security through robust legal and compliance frameworks

Circulation:

The Chairman, CEO and Members of the Pakistan Crypto Council

Deputy Secretary to the
Government of Pakistan

Pakistan’s Crypto Future – A Step Towards Digital Transformation:

The establishment of the Pakistan Crypto Council reflects the government’s commitment to embracing digital finance while ensuring transparency, security, and compliance in the crypto and blockchain industry. With the right policies and global engagement, Pakistan can emerge as a key player in the crypto ecosystem, attracting investors, fintech startups, and blockchain innovators.

This initiative provides a much-needed regulatory structure, offering clarity to businesses and individuals involved in the digital financial sector. As developments unfold, stay connected with Vocal Pakistan for the latest updates on government policies, crypto regulations, and digital finance trends.

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