Pakistan Appoints Bilal bin Saqib as Chief Advisor for Crypto Policy Development

The move reflects Pakistan's government commitment to integrate blockchain and digital assets into its financial system while establishing a comprehensive regulatory framework.

Pakistan has taken a significant step toward formalizing cryptocurrency regulations by appointing Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council. This strategic appointment demonstrates the government's determination to embrace digital innovation while ensuring robust oversight and security measures.

The Finance Division announced this development, emphasizing that the initiative aims to create a secure and transparent regulatory framework for digital assets. This move positions Pakistan among the growing number of nations recognizing the importance of establishing clear guidelines for cryptocurrency and blockchain technologies.

Forbes-Recognized Web3 Investor Saqib Joins as Blockchain Strategist

Bilal bin Saqib brings exceptional credentials and extensive expertise to his new role as Pakistan's chief cryptocurrency policy advisor. As a Forbes-recognized Web3 investor and blockchain strategist, Saqib has established himself as a leading figure in the global digital assets ecosystem.

His impressive track record includes receiving the 1632nd Points of Light Award, a prestigious honor bestowed by the British Prime Minister to recognize individuals who have made significant contributions as change-makers in their respective fields. This recognition underscores his ability to drive meaningful transformation in complex technological and financial landscapes.

Furthermore, Saqib was awarded an MBE (Member of the British Empire) in 2023 for his outstanding contributions to the United Kingdom's National Health Service. This honor demonstrates his versatility and commitment to public service, qualities that will prove invaluable in shaping Pakistan's cryptocurrency policy framework.

As Pakistan navigates the complex landscape of cryptocurrency regulations, Saqib's primary focus will be on developing policies that align with international best practices while effectively addressing the potential risks associated with digital assets. The Finance Division has emphasized that his expertise will be instrumental in guiding Pakistan's strategic approach to cryptocurrency and blockchain integration.

His responsibilities encompass advising on the development of a comprehensive legal framework designed to ensure regulatory clarity, security, and investor protection. This framework will need to balance innovation with risk management, fostering growth while safeguarding the financial system's integrity.

According to the Finance Division's official statement: "Saqib will lend his extensive knowledge and experience to Pakistan's efforts to integrate cryptocurrency and blockchain technologies into its financial ecosystem while ensuring the development of a robust regulatory framework for digital assets in alignment with global best practices."

Beyond cryptocurrency policy, Saqib's mandate extends to exploring how artificial intelligence can enhance government efficiency, improve decision-making processes, and foster innovation in public administration. This holistic approach reflects Pakistan's ambition to position itself at the forefront of technological advancement across multiple domains.

Finance Minister Muhammad Aurangzeb has expressed strong support for Saqib's appointment, highlighting the government's unwavering commitment to technological innovation while maintaining financial security and stability.

"Saqib's appointment underscores our commitment to embracing emerging technologies while ensuring a secure and transparent financial system. We are confident that his leadership will guide the development of a sound and effective regulatory framework, fostering innovation and sustainable growth in Pakistan's cryptocurrency sector," Minister Aurangzeb stated.

Pakistan Aims to Regulate Cryptocurrency with New Advisory Council

In early 2025, Pakistan's finance ministry announced plans to explore the establishment of a National Crypto Council, marking a pivotal shift in the country's approach to digital assets. This initiative represents a dramatic departure from previous policies and signals Pakistan's readiness to engage with the global cryptocurrency ecosystem.

Finance Minister Muhammad Aurangzeb held discussions with a foreign delegation that included several prominent figures in the technology and blockchain sectors. The delegation comprised Gentry Beach Jr., a business associate who has committed to investing $1 billion in Pakistan's economy, demonstrating significant international confidence in the country's digital transformation efforts.

The delegation also included tech entrepreneur Nikita Goldsmith, blockchain consultant Alex Malkov, and Cosmic Wire CEO Jerad Finck. These meetings facilitated knowledge exchange and provided insights into international best practices for cryptocurrency regulation and blockchain implementation.

This policy evolution is particularly noteworthy given Pakistan's previous stance on digital assets. Until 2024, Pakistan's government and central bank maintained a strongly opposed position toward cryptocurrency regulation. Previous finance ministers had consistently dismissed the idea of legalizing digital assets, viewing them as potential threats to financial stability and monetary policy.

The State Bank of Pakistan had issued multiple warnings against cryptocurrency use, citing concerns about money laundering, terrorist financing, and consumer protection. However, Minister Aurangzeb has now indicated a significant policy shift, urging stakeholders to adopt an "open-minded" approach to evaluating the cryptocurrency sector's potential benefits and risks.

The proposed National Crypto Council would function as an advisory body comprising government representatives, regulatory authorities, and industry experts, according to the finance ministry's framework. This multi-stakeholder approach aims to ensure that Pakistan's cryptocurrency regulations are comprehensive, practical, and aligned with international standards.

The Council's mandate would include assessing the potential economic benefits of blockchain technology, identifying regulatory gaps, recommending policy measures, and facilitating dialogue between government agencies and the private sector. By bringing together diverse perspectives and expertise, the Council aims to develop a balanced regulatory framework that protects consumers while enabling innovation.

This transformation in Pakistan's cryptocurrency policy reflects a broader global trend of governments recognizing the need to establish clear regulatory frameworks for digital assets. As blockchain technology continues to mature and cryptocurrency adoption grows worldwide, Pakistan's proactive approach positions the country to potentially capture significant economic opportunities in this emerging sector.

The appointment of Bilal bin Saqib and the establishment of the National Crypto Council represent foundational steps in Pakistan's journey toward creating a thriving, well-regulated cryptocurrency ecosystem that can contribute to economic growth while maintaining financial system integrity.

FAQ

Who is Bilal bin Saqib? What is his background and experience in the cryptocurrency field?

Bilal bin Saqib is Pakistan's Chief Advisor for Crypto Policy Development. He brings expertise in blockchain technology and digital assets regulation. His role focuses on shaping Pakistan's cryptocurrency framework and fostering responsible crypto industry growth aligned with global standards.

What does Pakistan's appointment of a crypto policy chief advisor mean? What impact will it have on Pakistan's crypto market?

This appointment signals Pakistan's official recognition and regulatory support for cryptocurrency. It enables clearer policy frameworks, attracting institutional investment and fostering crypto adoption. Pakistan's crypto market is poised for substantial growth through increased legitimacy, enhanced security standards, and expanded trading volumes.

How was Pakistan's stance on cryptocurrency before? Does this appointment represent a change in policy position?

Pakistan previously maintained a restrictive approach to crypto, with regulatory uncertainty and banking restrictions. Bilal bin Saqib's appointment as Chief Advisor signals a significant policy shift toward structured regulation and institutional integration of digital assets.

What are Bilal bin Saqib's main responsibilities? How will he advance Pakistan's crypto policy development?

Bilal bin Saqib, appointed as Chief Advisor for Crypto Policy Development, will lead regulatory framework creation, establish compliance standards, foster blockchain innovation, and bridge government-industry collaboration to position Pakistan as a competitive crypto hub while ensuring consumer protection and financial stability.

What exemplary role will this appointment have on cryptocurrency regulation in South Asia?

Bilal bin Saqib's appointment signals Pakistan's commitment to crypto policy development, potentially inspiring neighboring South Asian nations to establish clearer regulatory frameworks. This could accelerate regional adoption of balanced crypto governance, fostering institutional confidence and mainstream blockchain integration across South Asia.