Senator Shibli Faraz has said the government intends to regulate crypto and make blockchain technology available as soon as possible. He told participants at the Blockchain Summit in Islamabad that the State Bank, SECP, and Finance Ministry have all teamed up to accomplish this goal. According to him, the government’s first goal was to regulate crypto and then educate the common man about its use.
A team including the Finance Division, SBP, and SECP are collaborating to make the transition to digital assets and virtual currencies as smooth as possible. Additionally, the government is experimenting with blockchain technology to achieve other goals as well.