TLDR
- Pakistan has proposed new cryptocurrency regulations to support its digital finance strategy.
- The Pakistan Crypto Council held a high-level meeting in Islamabad to draft the crypto regulatory framework.
- The country has announced the formation of the Pakistan Digital Assets Authority to oversee digital finance regulations.
- A technical committee with members from SBP, SECP, and government ministries will be formed to review the draft laws.
- Pakistan is planning to establish a Strategic Bitcoin Reserve as part of its digital asset roadmap.
Pakistan has proposed new cryptocurrency regulations as part of its broader strategy to modernize digital finance and economic policy. The Pakistan Crypto Council (PCC) conducted a high-level meeting in Islamabad to shape a new regulatory framework. This effort aligns with Pakistan’s recent decision to move forward with the formation of a Strategic Bitcoin Reserve.
Pakistan Moves Toward a Transparent Digital Asset Framework
Pakistan has initiated steps to establish a clear digital assets policy to regulate cryptocurrency activities across the country. The Pakistan Crypto Council led this initiative with support from key government institutions, including finance, law, and technology divisions. The proposed framework aims to address transparency, security, and financial innovation in the digital asset space.
The new draft laws will undergo a detailed review by a soon-to-be-established technical committee. This committee will include members from the State Bank of Pakistan (SBP), the Securities and Exchange Commission of Pakistan (SECP), and the Law Division. The committee will refine regulations to ensure compliance, financial oversight, and technological integration.
Moreover, Pakistan has formed the Pakistan Digital Assets Authority (PDAA) to support implementation and governance. PDAA is expected to serve as the central body for overseeing digital finance regulations. This development marks a key turning point in Pakistan’s effort to develop a structured crypto ecosystem.
Strategic Bitcoin Reserve Faces Regulatory and Global Challenges
Pakistan’s plan to establish a Strategic Bitcoin Reserve has triggered discussions at international financial forums. Officials believe that clear regulations will help address potential concerns raised by the International Monetary Fund (IMF). The Finance and Revenue Minister emphasized the need for structured oversight to support the reserve initiative.
The reserve plan gained attention during the recent Bitcoin Conference, where PCC leadership shared Pakistan’s broader digital asset vision. As a result, regulatory clarity is now seen as essential to the plan’s long-term viability. The technical committee will also review frameworks to support Bitcoin holdings within legal and financial parameters.
Pakistan seeks to ensure that any Bitcoin reserve complies with international financial norms. Authorities aim to align the reserve with risk management and transparency standards. These efforts are intended to strengthen Pakistan’s financial credibility in the global digital economy.
High-Level Coordination to Develop Legal and Regulatory Structure
Pakistan’s government is coordinating across departments to build a unified legal framework for crypto and digital finance. The Pakistan Crypto Council will oversee reviews and finalize the regulatory model. This coordinated approach ensures that technical, legal, and financial concerns are addressed jointly.
Law, IT, telecom, and economic ministries will collaborate on policy formation and implementation guidelines. The technical committee’s findings will be presented at the next PCC meeting for formal approval. This structure is designed to maintain a balance between innovation and regulatory compliance.
