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).