Pakistan 'ready for global crypto leadership'

Bilal Bin Saqib, the head of the Pakistan Crypto Council (PCC), has said that the country was ready to assume global leadership in crypto and digital assets, according to a press release issued by the Ministry of Finance on Friday.

The PCC CEO and the minister of state made these remarks during a meeting with Patrick Witt, the White House's new crypto adviser, on the sidelines of the United Nations General Assembly session.

The ministry stated that the meeting focused on cooperation between Pakistan and the United States in the field of digital assets, with detailed discussions on new opportunities in blockchain and crypto.

Bilal Bin Saqib emphasised that Pakistan was prepared to take a leadership role in crypto and digital assets, adding that cooperation in this sector would mark a new chapter in Pakistan-US relations.

PCC is a Pakistani regulatory body established to develop policy, infrastructure and regulation for blockchain technology and digital assets within Pakistan. It operates under the Ministry of Finance with input from the SBP, SECP, and other federal agencies.