Pakistan Crypto Council signals Crypto licenses for exchange companies

April, 29 2026 Author:

(Web Desk): Pakistan Crypto Council signals crypto licenses for exchange firms, raising hopes for faster remittances and regulated crypto trading.

Pakistan Crypto Council CEO Bilal Saqib has indicated that crypto licenses may soon be issued to exchange companies in Pakistan, marking a potentially major development for the country’s digital finance and cryptocurrency sector.

The announcement came during a meeting between officials of the Exchange Companies Association of Pakistan and the Pakistan Crypto Council, where discussions focused on crypto regulation, remittances, and digital financial reforms.

The meeting was attended by ECAP Chairman Malik Muhammad Bostan, ECAP President Zafar Paracha, and other senior representatives.

Crypto Could Transform Pakistan’s Remittance Sector

During the meeting, Malik Muhammad Bostan stated that if cryptocurrency evolves into a stable digital financial system, overseas Pakistanis could transfer remittances within seconds.

He said Pakistan’s annual remittance inflows could potentially rise from $38 billion to $50 billion through faster and cheaper crypto-based transactions.

Officials noted that digital currency systems could significantly reduce transaction delays and lower transfer costs for overseas Pakistanis sending money back home.

Pakistan Moves Closer to Regulated Crypto Trading

According to participants, the efforts of Pakistan’s young leadership helped the Pakistan Crypto Council gain legal recognition, aligning the country with growing global trends in digital assets and blockchain finance.

Officials informed the meeting that the State Bank of Pakistan and Securities and Exchange Commission of Pakistan are now allowing crypto traders to open crypto-linked bank accounts, subject to obtaining a No Objection Certificate (NOC) from the Pakistan Crypto Council.

The development is being seen as a major step toward formal regulation of cryptocurrency trading in Pakistan.

Also Read: State Bank lifts ban on Crypto companies in Pakistan

Digital Licensing Could Reduce Crypto Trading Costs

Meeting participants revealed that nearly 40 million Pakistanis are currently involved in crypto trading, paying transaction costs ranging between 5% and 6%.

However, officials said the introduction of official digital licenses could reduce trading costs to nearly 1%, making crypto transactions significantly cheaper and more accessible.

Industry experts believe lower transaction fees and regulatory clarity could encourage broader adoption of digital assets in Pakistan.

Pakistan’s Crypto Sector Seeing Rapid Growth

Pakistan has witnessed growing interest in cryptocurrency, blockchain technology, and digital finance in recent years, especially among young investors and freelancers.

Analysts say clearer regulations and licensed crypto operations could: