Islamabad: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, led a high-level meeting on digital assets, attended by key foreign delegates, including President Trump’s Advisors for Digital Assets, and senior Pakistani officials. The meeting focused on the global rise of cryptocurrency, its adoption, and the regulatory frameworks being aligned with U.S. policies. Discussions centered on financial security, risk management, and the impact of digital assets on Pakistan’s economy.

According to a statement by Press Information Department, Senator Aurangzeb highlighted the need for a well-regulated digital asset framework to align Pakistan with international best practices and comply with Financial Action Task Force (FATF) guidelines. He emphasized the government’s commitment to integrating blockchain technology to modernize the financial sector and discussed the potential tokenization of key infrastructure and state-owned enterprise assets to increase market efficiency.

Pakistan’s digital asset market, with over 20 million active users, faces challenges such as high transaction fees, which the Finance Minister aims to address through regulatory frameworks and incentives. The meeting concluded with the proposal to establish a National Crypto Council to oversee policy development, ensure compliance, and collaborate internationally to develop standardized frameworks.