The Pakistani government plans to create a National Crypto Council to regulate digital assets, following a meeting with a US delegation. This council will include government officials and industry experts to develop clear regulations. With over 20 million crypto users in Pakistan, the move represents a significant policy shift towards recognizing and protecting the cryptocurrency market.
The Pakistani government is deliberating the formation of a National Crypto Council, aimed at regulating digital assets effectively. This initiative was sparked by a recent meeting between Finance Minister Mohammed Aurangzeb and a delegation from a group referred to as “Trump Advisers for Digital Assets.” The council is intended to facilitate policy-making, regulatory frameworks, and industry development in the cryptocurrency sector.
The establishment of a National Crypto Council in Pakistan indicates a significant shift in the government’s stance on cryptocurrency, moving from opposition to regulation. By involving both government officials and industry experts, Pakistan aims to create a secure environment for cryptocurrency investments while adhering to international standards. If successful, this council could pave the way for the legalization of cryptocurrency in the country, benefiting millions of users.
Original Source: www.cryptotimes.io
