Pakistan Crypto Council to Clarify Digital Asset Policy in Monday Meeting

Pakistan’s crypto Council (PCC) will convene a critical meeting on Monday to address the legal ambiguity surrounding digital assets in the country. Finance Minister Muhammad Aurangzeb, who chairs the PCC, will lead discussions alongside Bilal Bin Saqib, the council’s CEO and special assistant on blockchain. The meeting follows persistent claims from stakeholders that cryptocurrencies remain banned despite growing interest in the sector.

The agenda includes establishing a regulatory framework aligned with global standards and technological advancements. A key focus will be the proposed Pakistan VIRTUAL Assets Regulatory Authority (PVARA), an autonomous body to oversee digital finance. Attendees will include the State Bank of Pakistan governor, SECP chairman, and secretaries from Law and IT ministries.

The Ministry of Finance described the gathering as a strategic forum to shape Pakistan’s approach to cryptocurrencies. This development signals potential regulatory evolution in a market where digital assets currently operate in a gray area.