Pakistan is a new “Blockchain Assets and Digital Assets Council

The Pakistan government has established the Pakistan Exodation Council (PCC) to oversee the integration and use of Blockchain technology and digital assets in the country’s financial scene. This initiative, which announced in a statement issued by the Finance Department, aims to organize, treat and integrate encryption innovations in the economic framework of Pakistan.

The initiative represents a lack of the country Previous position on digital assetsIt was mentioned that it cannot be codified because of its use in terrorist financing. The creation of PCC places Pakistan as a possible major player in the global transformation into Blockchain technology and digital financing at a time when White House It gave the green light to the strategic bitcoin reserve.

PCC form Bilal Bin Sakib follows Date As a great advisor to the Council of Finance of the Council. The date “represents a big step forward in Pakistan’s commitment to adopting the transfers of digital currencies, ensuring financial security, mitigating risks, and evaluating the effect of cryptocurrencies on Pakistan’s economy effectively”, ” Stuck A spokesman for the Finance Department.

Finance Minister Mohamed Uranzib will head the council, and lead a Diverse This includes high -level officials of the main financial and organizational bodies. This leadership structure, which includes the governor of the State Bank in Pakistan, Chairman of the Securities and Stock Exchange Committee in Pakistan (SECP), Federal and IT Secretaries, is designed to ensure a comprehensive approach to organizational supervision, financial stability and technological progress.

He was appointed as CEO of the Council, Bilal Bin Sakb, highlighted that the PCC mission goes beyond the organization, with a focus on the council’s goal in creating an environment that leads to Blockchain growth, digital financing and a competitive player in the global digital economy.

The PCC agenda includes developing clear regulatory guidelines for encryption, cooperation with international encryption organizations and encryption, and promoting responsible innovation. The Council will also focus on consumer protection and financial security through a legal framework and a strong compliance.

Pakistan is currently ranked between The highest countries To adopt encryption, with an estimated 20 million active users of encryption and more than $ 20 billion in encryption transactions. The important transfer market in the country, which is worth $ 35 billion annually, will also benefit from the increase in encryption.