Pakistan is establishing a national crypto council to craft legislation for the digital asset sector. This council, comprising government officials, regulatory bodies, and industry experts, will not only develop policies but also collaborate internationally to standardize frameworks. Previously, Pakistan’s finance ministry opposed crypto regulation, but Finance Minister Muhammad Aurangzeb has now approached the issue with an open mind, highlighting the need for a well-regulated digital asset framework. This policy shift comes after a meeting with President Donald Trump’s digital asset advisors, indicating a significant change in Pakistan’s stance on cryptocurrency regulation. The council’s formation marks a pivotal moment in Pakistan’s approach to digital currencies, aiming to align with global standards.
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