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Pakistan Unveils Crypto Rules, Plans Bitcoin Reserves

  • Pakistan is working on establishing a regulatory framework for cryptocurrencies and digital assets through the Pakistan Crypto Council (PCC).
  • A high-level meeting chaired by Senator Muhammad Aurangzeb was held to discuss the draft regulatory framework involving key officials and establishing an independent organization for digital finance industry regulations.
  • The Pakistan Crypto Council aims to balance innovation with investor protection and compliance, promoting a safe and transparent ecosystem for responsible blockchain adoption.
  • In addition to regulations, Pakistan plans to set up a strategic bitcoin reserve, signaling a significant change in how the country approaches digital assets amid concerns raised by the International Monetary Fund (IMF).

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