In a major step towards digital innovation, Prime Minister Shehbaz Sharif has appointed Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), as his Special Assistant on Blockchain and Crypto with the status of a minister of state. This appointment signals Pakistan’s commitment to embracing emerging technologies and aligning with global trends in digital finance and blockchain adoption.
Key Responsibilities and Mandate
Bilal Bin Saqib as Special Assistant on Blockchain and Crypto will play a pivotal role in shaping Pakistan’s digital asset landscape. His responsibilities include:
- Developing a Comprehensive Regulatory Framework:
Crafting FATF-compliant policies for digital assets to ensure transparency, security, and international alignment. - Launching Bitcoin Mining Initiatives:
Overseeing the rollout of national Bitcoin mining projects to leverage Pakistan’s surplus energy and generate new revenue streams. - Blockchain Integration:
Driving the adoption of blockchain in governance, finance, and land records to enhance transparency and efficiency. - Licensing and Oversight of VASPs:
Facilitating the licensing and regulation of Virtual Asset Service Providers to protect investors and foster innovation. - Championing Web3 and Investor Protection:
Promoting the growth of the Web3 ecosystem and ensuring robust investor safeguards as the sector evolves.
About Bilal Bin Saqib
- Forbes 30 Under 30: Recognized for his impact as cofounder of Tayaba, a social enterprise addressing Pakistan’s water crisis.
- MBE Recipient: Awarded the Member of the Most Excellent Order of the British Empire in 2023 for contributions to the UK’s National Health Service.
- Youth Leadership: Represents a new generation of tech-savvy leaders driving Pakistan’s digital transformation.
Why This Appointment Matters
Pakistan stands at a digital crossroads, consistently ranking in the top 10 globally for crypto adoption (Chainalysis 2023). With 40 million crypto users, annual trading volumes exceeding $300 billion, and a rapidly growing IT workforce, the country is poised for a leap into the future of blockchain and digital assets.
This appointment mirrors global trends—just as the US has brought in leaders like David Sacks for AI and crypto policy, Pakistan is empowering youth leadership to shape its national strategy in emerging technologies.
Also read: Pakistan Allocates 2,000MW to Power Bitcoin Mining and AI Data Centers
What This Means for Pakistani Investors and Innovators
- Greater Regulatory Clarity: Expect clearer guidelines and safer participation in the crypto market.
- Boost for Innovation: Enhanced support for blockchain startups and Web3 projects.
- International Alignment: Policies that align with global standards, attracting foreign investment and partnerships.
How Crypto.pk Can Help You
At Crypto.pk, we’re dedicated to guiding Pakistani investors, entrepreneurs, and tech professionals through these exciting changes:
- Expert Policy Updates: Stay informed on regulatory developments and government initiatives.
- Shariah-Compliant Guidance: Explore ethical investment options in blockchain and crypto.
- Secure Investment Support: Get personalized advice on navigating Pakistan’s evolving digital asset landscape.
Curious about what Pakistan’s new blockchain leadership means for you?
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