Prime Minister Shehbaz Sharif appointed the CEO of Pakistan Crypto Council (CCP), Bilal Bin Saqib, as a special assistant on blockchain and cryptocurrency, with the status of Minister of State.
On February 25, the Ministry of Finance announced that it was considering “the establishment of a national cryptography council” to adopt emerging digital currencies in accordance with global trends. He then appointed SAQIB as Director General of the PPC.
According to a press release published today, SAQIB will now be responsible for the development of a complete regulatory framework and in accordance with FATF for digital assets, launching Bitcoin extraction initiatives and supervising the integration of blockchain into governance, finance and land registers.
In addition, it will also facilitate the “license and supervision of virtual asset service providers (VSAP)” and will defend “investor protection and the growth of the web3 ecosystem” in the country.
According to ForbesSAQIB – which is part of their list “30 less than 30” – is the co -founder of Tayaba, which the publication describes as “a social enterprise which aims to provide solutions to the water crisis in Pakistan”.
He also received his MBA in 2023 for contribution to the National Health Service of the United Kingdom, added the press release.
A MBE, which means “member of the most excellent order of the British Empire”, is awarded for an exceptional realization or service to the community which has had a significant long -term impact.
According to the press release today, this appointment reflected “the country’s commitment to align with global trends”.
“Just as the United States has brought leaders like David Sacks – appointed by Donald Trump like the White House AI and Czar Crypto – in its digital policy, Pakistan adopts a avant -garde approach by empowering a youth leader to help direct the national strategy in emerging technologies,” the press release said.
The press release also said that the country was held at a “critical digital crossroads” – with it regularly ranking in the top 10 around the world for the adoption of the crypto, according to the 2002 global cryptography.
He noted that Pakistan currently had 40 million cryptography users and an annual crypto trading volume greater than $ 300 billion.
In addition, he added that “the nation produces around 40,000 graduates each year and has the 4th largest independent market in the world”.
According to Saqib, “the unique demographic and digital landscape of Pakistan offers an unprecedented opportunity to jump in the future of technology – where blockchain and crypto will stimulate economic growth, innovation and global competitiveness.”
