Pakistan Moves Toward Crypto Regulation with New Adviser Appointment

The federal government has appointed Bilal bin Saqib as the chief adviser to the finance minister on the newly established Pakistan Crypto Council, reinforcing the country’s commitment to digital assets and blockchain technology.

Pakistan’s Move Toward Cryptocurrency Regulation

The decision follows the February 25 announcement by the Ministry of Finance, which revealed plans to create a National Crypto Council to align with global trends in digital currencies. Finance Minister Muhammad Aurangzeb had recently met with international experts, including former advisers to President Trump on digital assets, to discuss Pakistan’s approach to cryptocurrency adoption and regulation.

A statement from the Finance Division emphasized that Saqib’s appointment highlights Pakistan’s commitment to financial innovation, ensuring a secure and transparent regulatory framework for digital assets.

Who is Bilal bin Saqib?

• Forbes 30 Under 30: Recognized as a Web3 investor, blockchain strategist, and thought leader.
• Social Entrepreneur: Co-founder of Tayaba, a social enterprise addressing Pakistan’s water crisis.
• MBE Recipient: Honored in 2023 for contributions to the UK’s National Health Service (NHS).

Key Responsibilities of the Chief Adviser

In his new role, Saqib will focus on:

• Developing Pakistan’s crypto regulations in line with global best practices.
• Advising on blockchain adoption in financial systems.
• Exploring the use of AI to enhance government efficiency and innovation.
• Ensuring a secure and transparent digital financial ecosystem.

Finance Minister Muhammad Aurangzeb welcomed the appointment, stating:

“Bilal bin Saqib’s expertise will be instrumental in shaping a strong regulatory framework, fostering innovation, and ensuring Pakistan’s leadership in the digital asset space.”

Saqib also expressed his vision for the future of crypto in Pakistan:

“Cryptocurrency and blockchain hold immense potential for our nation, especially for the youth, who are at the forefront of our digital transformation.”

Pakistan’s Growing Crypto Ambitions

The Finance Division hailed Saqib’s appointment as a “significant milestone”, positioning Pakistan to lead the region in crypto regulation, economic growth, and digital security. As global interest in Web3, digital assets, and AI-driven financial solutions grows, Pakistan aims to balance innovation with robust regulatory oversight to secure its place in the evolving digital economy.