Pakistan Crypto Council to Chart Regulatory Roadmap on June 2

The Pakistan Crypto Council (PCC) will hold a high-level meeting on June 2 to discuss the regulatory framework for digital currency and the broader crypto landscape in the country.

The meeting, chaired by Finance Minister Muhammad Aurangzeb, will focus on developing a robust regulatory framework for digital and virtual assets, aligning with global standards and technological advancements.

A key agenda item is the groundwork for the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA)—a proposed autonomous body to oversee the digital finance and crypto ecosystem.

The PCC, formed in March, aims to create a secure, transparent, and innovation-friendly regulatory environment, promoting responsible blockchain adoption, investor protection, and financial inclusion.

A day earlier, the National Assembly Standing Committee on Finance reaffirmed that cryptocurrencies remain illegal in Pakistan.

Meanwhile, PCC CEO Bilal Bin Saqib unveiled Pakistan’s first government-led Strategic Bitcoin Reserve, marking a historic shift in the country’s digital and financial outlook.

Pakistan ranks 3rd in the Global Crypto Adoption Index, with 20 million active cryptocurrency users and $20 billion+ in crypto transactions.