Pakistan Appoints Crypto Advisor to Drive Digital Transformation

Pakistan's Finance Minister has appointed Bilal Bin Saqib, a prominent Web3 investor and strategic advisor, as the Chief Crypto Advisor to the Finance Minister on the Pakistan Crypto Council. This move signals the government's commitment to formalizing its stance on cryptocurrencies and blockchain technology.

Saqib, recognized by Forbes for his expertise, will lead the Council in developing robust policies that balance regulatory compliance and consumer protection. His appointment is expected to drive digital transformation and crypto regulations in Pakistan, aligning with the government's broader efforts to promote innovation and technological advancements in the financial sector.

Under Saqib's leadership, the Pakistan Crypto Council will work towards integrating cryptocurrency and blockchain into the country's financial system. This move comes as Pakistan's top trade body demands a 500 basis points interest rate cut to support the economy, indicating the government's focus on fostering growth and innovation in the financial sector.

As the chief adviser, Saqib will play a crucial role in developing policies that foster a balanced approach to cryptocurrency adoption. His expertise in Web3 investments and strategic advising will be invaluable in navigating the complex landscape of digital currencies and blockchain technology, ensuring that Pakistan stays at the forefront of global financial innovation.