Govt deliberates on establishing National Crypto Council

In order to ensure that the country’s digital asset ecosystem evolves in a secure, compliant, and sustainable manner, Finance Minister Muhammad Aurangzeb on Tuesday said that the government would consider establishing a National Crypto Council.

The finance minister made the remarks while chairing a high-level meeting on digital assets in Islamabad. The council will serve as a dedicated advisory body comprising key government representatives, regulatory authorities, and industry experts, he added.

The minister said it will also collaborate with friendly countries to develop standardised frameworks for international digital economic engagement.

Aurangzeb expressed the government’s commitment to exploring digital assets and integrating blockchain technology as part of a broader strategy to modernise the financial sector.

He directed relevant stakeholders to formulate a comprehensive framework that ensures security, transparency, regulatory compliance, and economic viability while safeguarding against financial crimes and illicit activities.

The minister also stressed the need for a balanced approach that encourages innovation and investment in digital assets while maintaining strict regulatory oversight in line with international standards.

The meeting was attended by foreign delegates, including US President Donald Trump’s advisors for digital assets.