Senators in Pakistan raise concerns about the legality and formation of the Pakistan Crypto Council (PCC) during a Senate Standing Committee meeting on IT & Telecom.
Senators question whether Parliament was consulted before the establishment of the PCC and express doubts about its legal authority.
The Secretary of IT & Telecom clarifies that the Pakistan Crypto Council is an advisory body to assist in developing cryptocurrency regulation, with the Finance Minister serving as the Chairman.
The debate surrounding cryptocurrency regulation in Pakistan intensifies after the government allocates electricity for cryptocurrency mining, sparking calls for greater transparency and parliamentary oversight.