Dharshini RDA 
Pakistan is embarking on a digital journey towards the establishment of a National Crypto Council to direct Pakistan’s digital asset ecosystem on its way to security and sustainability. The finance minister Muhammad Aurangzeb chaired a high level meeting on digital assets where the concept of the council was discussed.
Such functions of the National Crypto Council assume its role as an advisory board, combining essential representatives from the national government, regulatory authorities and industry thinkers. It deals with policy formulation, introduces regulatory solutions and compliance with international standards, including FATF requirements. The council will also cooperate with other countries to create unified frameworks for international digital economies.
The meeting attended by foreign delegates including advisors for digital assets will look into cryptocurrency’s global evolution, regulatory frameworks and economic implications. Aurangzeb emphasized the necessity of balancing innovation and regulatory rigor that will reduce the chances of financial crimes.
Other plans include the use of blockchain in the financial sector itself and some sort of tokenization of state assets to increase liquidity and investment while safeguarding transparency and stable economic growth.
By this initiative, Pakistan’s 20 million active digital asset users will be relieved of challenges like high transaction fees. The country is ready to regulate and grow this sector, according to international standards.
