• Warns ignoring crypto regulations can expose Pakistan to sanctions, other risks
• Says financial inclusion, transparency, speed key drivers for blockchain adoption; promises conducive environment
• Finance minister surprised by absence of aide to PM on crypto from event

ISLAMABAD: Finance Mini­ster Muhammad Aurangzeb on Saturday acknowledged that the country’s banking system was more complex than those of other countries, underscoring the need for a decisive transition toward blockchain technology and digital assets.

Mr Aurangzeb expressed surprise at the absence of Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, from the ‘Lead­e­rship Summit on Blockchain and Digital Assets: Technology and Innovation’. The event focused on emerging technologies — considered foundational to Pakistan’s evolving economic architecture.

The minister noted that Mr Saqib had been specifically appointed to advance this agenda, and his participation in the seminar was therefore of considerable importance. However, he affirmed that his ministry remains open to engaging with the event organisers on this critical issue.

Mr Aurangzeb reiterated that Pakistan’s banking infrastructure is comparatively more intricate than global standards and called for improvements in legislation governing digital investments. He also revealed that crypto mining........

© Dawn Business