Pakistan is set to set up a national crypto council to oversee policy development and regulation for the digital asset sector.
Pakistan to Set Up National Crypto Council to Shape Policy
The new advisory body will be comprised of government representatives, regulatory authorities, and industry experts. Its primary role will be to develop legislation, oversee policy implementation, and collaborate with other countries to create standardized frameworks for cryptocurrency regulation.
Pakistan’s Attitude Towards Crypto Changes
Pakistan’s Finance Ministry had until last year opposed cryptocurrency regulation, citing financial stability concerns. However, Finance Minister Muhammad Aurangzeb recently signaled a more open-minded approach, stressing the need for a well-regulated digital asset framework.
Aurangzeb’s exchange comes after a meeting with a foreign delegation reportedly including President Donald Trump’s digital asset advisors. The discussions focused on global crypto regulations and potential policy frameworks that could bring Pakistan in line with other crypto-friendly countries.
Countries around the world are increasingly looking to the United States for regulatory guidance as the Trump administration has pushed for more favorable crypto policies since the former president’s re-election.
With the establishment of the national crypto council, Pakistan is taking a significant step towards integrating digital assets into its financial system while providing regulatory clarity for businesses and investors.
*This is not investment advice.
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