India Launches National Blockchain Framework to Foster Digital Economy Growth

Pakistan Forms New Crypto Council to Regulate Blockchain and Digital Assets

Pakistan has taken a significant step towards regulating the growing blockchain and cryptocurrency industry in the country. The government has formed a new council, the Pakistan Crypto Council, to oversee the development and regulation of digital assets and blockchain technology.

The council, which was established through a joint initiative between the Ministry of Information Technology and Telecommunication and the Ministry of Finance, will work towards creating a favorable environment for the growth and development of the blockchain and cryptocurrency industry in Pakistan.

The Pakistan Crypto Council will be responsible for advising the government on policy matters related to blockchain and digital assets, as well as providing a platform for stakeholders to engage in discussions and share their expertise. The council will also work towards promoting the adoption of blockchain technology and digital assets in various sectors, including finance, healthcare, and education.

The formation of the Pakistan Crypto Council comes at a time when the country is experiencing significant growth in the blockchain and cryptocurrency industry. Pakistan has emerged as one of the fastest-growing markets for cryptocurrency adoption, with the country's cryptocurrency trading volume reaching a record high in recent months.

The council's establishment is seen as a major step towards regulating the industry and providing a framework for the growth of blockchain and digital assets in Pakistan. The council will work closely with the government, industry stakeholders, and regulatory bodies to ensure that the industry is developed in a responsible and sustainable manner.

The Pakistan Crypto Council is expected to play a crucial role in shaping the future of the blockchain and cryptocurrency industry in Pakistan. The council's formation is seen as a major boost for the industry, which is expected to create new job opportunities and drive economic growth in the country.

In a statement, the Ministry of Information Technology and Telecommunication said that the Pakistan Crypto Council will provide a platform for stakeholders to engage in discussions and share their expertise, adding that the council will work towards promoting the adoption of blockchain technology and digital assets in various sectors. The ministry also emphasized the importance of regulating the industry to ensure that it is developed in a responsible and sustainable manner.

The Pakistan Crypto Council is expected to begin its operations shortly, with the first meeting of the council scheduled to take place in the coming weeks. The council's formation is seen as a major step towards regulating the blockchain and cryptocurrency industry in Pakistan, and it is expected to play a crucial role in shaping the future of the industry in the country.