Pakistan has now officially formed, to advance distributed ledgers and digital assets, Pakistan Crypto Council (PCC).
Designated the Chief Executive Officer (CEO), Bilal Bin Saqib, chief financial advisor, acts as the head of the council, with Finance Minister Muhammad Aurangzeb.
Additionally, the creation of the council is a main event designed to promote the acceptance of digital assets in Pakistan, says a Ministry of Finance release.
It should go a long way in developing good policies, spurring creativity, and guaranteeing the creation of a stable financial system.
Moreover, the ministry noted that the establishment of the council shows the government’s determination to drive forward the development of the nation’s digital economy.
Pakistan’s current attempts to integrate digital financial solutions into its economy are seen as a critical stepping stone in the formation of the council aimed at creating a more secure, creative, and efficient financial environment.
Chief Advisor of Pakistan Crypto Council
Bilal bin Saqib has been nominated by the government to serve as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council as the country attempts to formally establish its position on crypto currencies.
Furthermore, Finance Minister Muhammad Aurangzeb praised Saqib’s appointment, saying it represents a major step forward in Pakistan’s dedication to embracing the revolutionary potential of digital currencies, ensuring financial security, mitigating risks, and accurately assessing the impact of cryptocurrencies on Pakistan’s economy.
Bilal bin Saqib is also brother of Pakistani actor Momin Saqib.
