The Chairman of the Council was appointed Minister of Finance Muhammad Aurangzeb, and his adviser Bilan Bin Sakib (Bilan Bin Saqib) will become the executive director of the organization.
The council included representatives of the local securities commission and exchanges (SecP), as well as officials responsible for working with legislation and information technologies.
The task of the Council is to develop legislative recommendations for the regulation of cryptocurrencies and help introduce the best foreign developments for the development of local crypto -ecosystems.
According to Bilan Bin Sakib, the Pakistan government plans to make the country a competitive player in a global digital economy and attract investors working in the crypto industry.
In November, the Ministry of Finance of the country proposed amendments to the legislation, including the recognition of cryptocurrencies with a legal payment tool. Amendments are awaiting approval by parliament.
Earlier, Chainalysis experts said that from July 2023 to June 2024, seven of twenty countries included in the first twenty global cryptocurrency index, represent the central and southern Asia, as well as Oceania. In addition to India and Indonesia, Pakistan, Thailand and Cambodia achieved significant achievements.
Source: Bits
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