Pakistan Introduces New Crypto Rules Alongside Bitcoin Reserve Initiative
The meeting gathered key officials, including the Governor of the State Bank of Pakistan (SBP), Chairperson of the Securities and Exchange Commission of Pakistan (SECP)
Pakistan is taking important steps to establish a clear regulatory framework for cryptocurrencies and digital assets. The Pakistan Crypto Council (PCC) recently held a high-level meeting at the Finance Division, chaired by Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue.
The meeting gathered key officials, including the Governor of the State Bank of Pakistan (SBP), Chairperson of the Securities and Exchange Commission of Pakistan (SECP), and representatives from the Law and Information Technology ministries.
Pakistan Advances Crypto Regulation Amid Bitcoin Reserve Plans
The main aim of the meeting was to discuss and prepare a draft regulatory framework that fits with international rules and keeps up with digital assets. The body looked into setting up an independent organization to handle regulations in the digital finance industry.
Because of this, a technical committee made up of representatives from SBP, SECP, Law Division, and IT & Telecom Division was set up. The committee checks draft laws, supports their development, and suggests a detailed structure for governance. PCC members will look over these ideas at future meetings to make the framework official.
