- Pakistan is gearing up to launch a National Crypto Council, and they’re getting input from some major U.S. crypto figures.
- It’s a big sign that the country’s finally moving past blanket bans and looking to bring crypto into the fold with real regulations.
Pakistan’s Finance Ministry is pushing forward with plans to set up a National Crypto Council, a new advisory group that could help legitimize and bring clear rules to the country’s crypto space. The move is being backed by a team tied to Wall Street players and some big-name former Trump advisers.
In a key meeting held in Islamabad, Pakistan’s Finance Minister Muhammad Aurangzeb sat down with a visiting team of U.S. crypto figures. The group included Gentry Beach Jr. (a known Trump ally), Nikita Goldsmith, blockchain consultant Alex Malkov, and Jerad Finck, who runs the Web3 firm Cosmic Wire. While the U.S. Embassy didn’t officially comment, local media confirmed the delegation had a serious hand in shaping the conversation.
Pakistan’s recent crypto push is part of a bigger shift. While the State Bank and past finance heads mostly shrugged off the idea of digital assets, the current leadership seems way more open to it. Finance Minister Aurangzeb called on everyone involved to approach the space with an “open mind,” pointing out how badly Pakistan needs clear and smart rules to move forward.
From Ban to Boardroom
Back in early 2022, the State Bank was firmly against crypto, basically telling people to stay away. Fast forward to now, and the government is talking about building a national crypto council made up of regulators, officials, and folks from the industry. Put together smart policies, crack down on shady activity, and actually help the market grow instead of shutting it down.
With more than 20 million people in Pakistan already into crypto, the government is under real pressure to cut down high fees and finally bring the space into a legit, structured system. The new council isn’t just about local fixes either,it plans to team up with crypto-friendly countries, follow global digital asset standards, and build in FATF-style policies to keep financial crimes in check without killing innovation.
Around the world, crypto’s getting real traction with major institutions. Countries like the U.S., the EU, and the UAE are all moving forward with their own rulebooks. Pakistan’s trying to get in the game too, and part of that push is thanks to some big-name U.S. crypto insiders with ties to Trump’s circle showing serious interest.
For Pakistan, it’s also about bringing its financial system up to speed. Turning government-owned assets into digital tokens could help unlock much-needed capital and open the door for everyday investors, not just the big players, to get involved.
Launching the National Crypto Council is a major pivot for Pakistan. After years of shutting the door on crypto, the country’s now trying to build a proper system around it. Turning that big idea into solid laws that protect users, keep scams out, and stay in step with how the rest of the world is handling digital finance.
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