Pakistan has introduced plans to determine a National Crypto Council devoted to overseeing cryptocurrency coverage and regulation.
Based on native information report dated 26 February 2025, “the finance ministry announced it was considering “establishing a National Crypto Council” to undertake rising digital currencies, in keeping with world traits.” The nation’s proposed National Crypto Council will function an advisory physique comprising authorities officers, regulatory authorities, and business consultants.
Pakistan Finance Minister Muhammad Aurangzeb directed related stakeholders to formulate a complete framework that ensures safety, transparency, regulatory compliance, and financial viability whereas safeguarding towards monetary crimes and illicit actions.
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JUST IN: PAKISTAN WILL CREATE A “NATIONAL CRYPTO COUNCIL” TO LEGALIZE DIGITAL ASSETS
IT HAS 20 MILLION #BITCOIN USERS pic.twitter.com/qGR2uqTFIf
— The Bitcoin Historian (@pete_rizzo_) February 26, 2025
The choice to determine the National Crypto Council follows a gathering between Pakistani officers and international delegates, together with advisors from Donald Trump’s digital asset crew.
It’s price noting that until just lately, Pakistan’s finance ministry had been against regulating cryptocurrencies, citing issues over monetary dangers and misuse.
Aurangzeb additionally careworn the necessity for a balanced method. He known as for innovation and funding in digital property whereas sustaining strict regulatory oversight in keeping with worldwide requirements.
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