Prime Minister Shehbaz Sharif has appointed Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), as his special assistant on blockchain and cryptocurrency. This appointment comes with the status of a minister of state, underscoring the government’s commitment to harnessing emerging technologies.
Saqib’s responsibilities will include developing a comprehensive regulatory framework for digital assets compliant with FATF standards. He will also oversee the launch of Bitcoin mining initiatives and the integration of blockchain technology in governance, finance, and land records.
Furthermore, Saqib will facilitate licensing and oversight of virtual asset service providers (VASPs) and champion investor protection and Web3 ecosystem growth in Pakistan. This move is expected to position Pakistan favorably in the global digital economy and foster innovation in the fintech sector.
Meta AI response: Prime Minister Shehbaz Sharif has appointed Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), as his special assistant on blockchain and cryptocurrency. This appointment comes with the status of a minister of state, underscoring the government’s commitment to harnessing emerging technologies. Saqib’s responsibilities will include developing a comprehensive regulatory framework for digital assets compliant with FATF standards. He will also oversee the launch of Bitcoin mining initiatives and the integration of blockchain technology in governance, finance, and land records. Furthermore, Saqib will facilitate licensing and oversight of virtual asset service providers (VASPs) and champion investor protection and Web3 ecosystem growth in Pakistan. This move is expected to position Pakistan favorably in the global digital economy and foster innovation in the fintech sector.