Islamabad: Keeping in mind the growing use of digital financial systems and cryptocurrency in Pakistan, the government has proposed to establish a “Pakistan Virtual Assets Regulatory Authority.” Its aim is to formulate effective and comprehensive regulations regarding crypto, blockchain, and other digital assets.
According to an official announcement, a high-level meeting of the Pakistan Crypto Council has been called on June 2, 2025, to consider this important issue. The meeting will be chaired by Federal Minister for Finance Muhammad Aurangzeb, while Minister of State and Special Assistant for Blockchain and Crypto Bilal Bin Saqib will also attend the meeting.
The meeting will also be attended by the Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan (SECP), and other members of the Pakistan Crypto Council.
The government statement said that the meeting will consider creating a legal and regulatory framework for digital currencies, crypto assets, and blockchain technology in Pakistan to make the digital economy in the country safe and reliable.
This development is being described as an important step towards promoting cryptocurrencies globally and ensuring investment protection at the domestic level.
