Islamabad: To control the rapidly growing use of cryptocurrency and blockchain technology in Pakistan, the government has proposed the establishment of the “Pakistan Virtual Assets Regulatory Authority.” The work of this body will be to monitor and regulate crypto and other digital assets.
A high-level meeting of the Pakistan Crypto Council will be held on June 2, 2025, chaired by Finance Minister Muhammad Aurangzeb. The meeting will be attended by Special Assistant on Blockchain and Crypto Bilal bin Saqib, the governor of the State Bank, the chairman of the SECP, and other important figures.
According to a government statement, the aim of establishing this authority is to set up a legal and regulatory framework to regulate the use of digital currency in Pakistan and provide protection to investors.
This step is being taken as part of an effort to strengthen Pakistan’s digital economy and enhance the country’s reputation in the international crypto market.
