Pakistan Advances Crypto Regulatory Framework with New Draft Proposal

Pakistan’s crypto Council convened a high-level meeting on June 2 to draft comprehensive regulations for digital assets, signaling a pivotal shift in the nation’s approach to cryptocurrency. Chaired by Finance Minister Senator Muhammad Aurangzeb, the session brought together key stakeholders to establish a framework balancing innovation with investor protection.

The proposed regulations aim to formalize Pakistan’s currently unregulated crypto market through clear licensing protocols, anti-fraud measures, and compliance structures. The initiative seeks to foster blockchain adoption while aligning with international standards, particularly focusing on financial inclusion and infrastructure development.

Notably absent were specific cryptocurrency mentions, though the regulatory framework could impact all digital assets operating in Pakistan’s market. The move follows growing global recognition of crypto’s role in modern financial systems, with Pakistan now positioning itself to harness blockchain technology responsibly.