In an impressive display of rapid progress, the Pakistan Crypto Council (PCC) has made significant strides on the global stage within just 50 days of its founding on March 14, 2025—firmly positioning Pakistan as an emerging leader in the global crypto space.
“While other institutions spend years in discussions and memorandums of understanding, the PCC has taken swift action—executing agreements and scaling operations to bring Pakistan into the heart of one of the century’s fastest-growing industries,” a press release stated on Sunday.
One of the PCC’s most high-profile achievements was the appointment of Changpeng Zhao (CZ), founder of Binance—the world’s largest cryptocurrency exchange—as a strategic advisor. With Binance valued at over $60 billion and CZ’s personal wealth previously exceeding $100 billion, his involvement adds significant weight to the PCC’s credibility in global crypto infrastructure, compliance, and blockchain innovation.
In another landmark move, the PCC signed a Letter of Intent with World Liberty Financial (WLF), a blockchain venture backed by former U.S. President Donald Trump. The WLF delegation included Zachary Witkoff, son of real estate mogul and Trump ally Steve Witkoff, who also served on the former president’s Middle East peace team.
This partnership focuses on expanding the use of stablecoins, decentralized finance (DeFi), and blockchain-based cross-border infrastructure in Pakistan. It marks the first time a U.S.-backed blockchain entity has entered into such an agreement with a Pakistani organization.
Operating with a lean, results-driven structure, the PCC has rapidly shifted Pakistan’s role from that of a passive observer to a serious regional competitor in the crypto space.
Long seen as digitally isolated, Pakistan is now making aggressive moves toward technological leadership. While India enforces strict regulations that have pushed much of its crypto activity offshore, Pakistan is embracing innovation by inviting global developers, investors, and blockchain experts.
PCC CEO Bilal Bin Saqib also held talks with Malaysian Foreign Minister Mohamad bin Hajji Hasan in Kuala Lumpur to explore collaboration in blockchain, digital assets, and Shariah-compliant finance. The goal is to create a Pakistan-Malaysia Digital Finance Partnership, focused on co-developing frameworks that align with both FATF guidelines and Islamic finance principles.
The Council is also in discussions with global Bitcoin mining firms to capitalize on Pakistan’s surplus electricity. Sites are being evaluated for the development of AI-powered data centers and mining operations, transforming unused energy into economic growth.
In parallel, talks are underway with companies involved in tokenizing real-world assets, such as land and commodities, to bring these into the blockchain ecosystem.
PCC is in the final stages of developing a comprehensive regulatory framework that meets FATF standards. Crafted with international expert input, the framework emphasizes risk-based compliance, AML/KYC protocols, and policies to encourage sustainable innovation. Implementation is expected to move faster than most countries in the Global South.
Global crypto figures have taken notice. Justin Sun, founder of TRON—one of the top-10 blockchain platforms with a $24 billion market cap—has accepted an invitation to visit Pakistan, along with other key industry leaders.
As India enforces a 30% tax on crypto and sees capital and talent shift overseas, Pakistan’s open and structured approach is being viewed as a magnet for regional liquidity, innovation, and entrepreneurial talent.
