In just 50 days since its launch on March 14, 2025, the Pakistan Crypto Council (PCC) has made vital strides in positioning the nation as a reputable participant in the global cryptocurrency panorama.
Supported by the federal government, the council’s swift progress has shocked many observers, significantly in a area the place regulatory inertia usually slows innovation. The PCC has already signed main worldwide agreements, appointed world-class advisors, and begun drafting a complete regulatory framework, all whereas selling Pakistan as a hub for blockchain-based monetary options.
One of many council’s most notable achievements is the appointment of Binance founder Changpeng Zhao (CZ) as a strategic advisor. CZ’s intensive expertise in global compliance, crypto infrastructure, and blockchain adoption affords the PCC and Pakistan an unparalleled benefit.
Pakistan is at present the one nation in the area to convey a determine of CZ’s stature into nationwide crypto advisory, signaling its severe intent to steer in digital finance.
Including to its rising profile, the PCC has entered right into a Letter of Intent with World Liberty Monetary (WLF), a US-backed blockchain initiative related to former President Donald Trump. This settlement marks the primary time a US crypto mission has signed a proper partnership with any establishment in Pakistan.
The WLF delegation, led by Zachary Witkoff, son of actual property magnate and former envoy Steve Witkoff, goals to collaborate on creating stablecoins, DeFi platforms, and cross-border blockchain infrastructure tailor-made for Pakistan’s distinctive wants.
The timing of those agreements has amplified their global affect, particularly as regional tensions escalate. The take care of WLF has been broadly lined in each worldwide and regional media, together with Indian shops, which have taken observe of Pakistan’s accelerating progress in distinction to India’s extra conservative and tax-heavy strategy to digital property.
PCC CEO Bilal Bin Saqib has additionally held conferences with Malaysian International Minister Mohamad bin Hajji Hasan to discover alternatives for collaboration in blockchain expertise and Shariah-compliant finance. The discussions targeted on a possible Pakistan-Malaysia Digital Finance Partnership to develop regulatory frameworks aligned with each FATF requirements and Islamic monetary rules.
This partnership might see Pakistan and Malaysia collectively pioneer digital asset regulation in the Muslim world.
Domestically, the PCC is in discussions with worldwide Bitcoin mining firms to arrange operations in Pakistan, leveraging the nation’s surplus electrical energy. A number of websites are at present underneath evaluation to determine AI information centres and crypto mining services.
On the identical time, the council is exploring the tokenisation of real-world property corresponding to land and commodities to convey them onto blockchain platforms and unlock new streams of financial productiveness.
The PCC can be finalising a FATF-compliant regulatory framework constructed with enter from worldwide specialists. This framework focuses on risk-based compliance, anti-money laundering requirements, and sustainable innovation insurance policies, with an implementation timeline that locations Pakistan forward of many creating nations.
Global leaders in the blockchain house are taking observe. Justin Solar, founding father of TRON, which has a market capitalisation of over $24 billion, has accepted an invite to go to Pakistan. Different crypto entrepreneurs and institutional traders are additionally expressing curiosity in participating with the PCC and exploring alternatives inside Pakistan.
Whereas India’s punitive 30 p.c tax on crypto has pushed a lot of its buying and selling quantity offshore, Pakistan’s structured and proactive technique is positioning it to seize regional liquidity, expertise, and technological innovation. The PCC’s speedy rise marks a turning level for Pakistan’s digital financial system, difficult outdated narratives of digital isolation and signalling a brand new period of crypto diplomacy and monetary management in South Asia.
