Pakistan hosts high-stakes meeting to discuss blockchain and AI
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Pakistan hosted a high-stakes meeting to discuss blockchain technology and artificial intelligence as the country continues to make moves to regulate its crypto industry. The high-stakes meeting is part of the country’s move to establish itself as a regional hub for blockchain and AI. In addition, it is also part of a bigger strategy to harness the youthful demographic and surplus energy in the country as a tool for digital finance and, by extension, economic transformation. In attendance at the high-level meeting at the General Headquarters were Chief of Army Staff Field Marshal Asim Munir and Bilal Bin Saqib, Chief Executive of the Pakistan Crypto Council (PCC). The pair discussed the potential of emerging technologies, with a focus on leveraging blockchain, cryptocurrency, and AI to empower its youth and build economic reliance. Pakistan holds meeting to discuss blockchain and AI In the meeting, Bin Saqib, the chief executive of the PCC, mentioned that digital finance and decentralization offer the country countless opportunities and not threats. “The [PCC] exists because our youth demand a seat at the global tech table,” Saqib said at the meeting. The meeting is coming off the back of efforts to accelerate the regulatory framework of these emerging technologies in the country. The Ministry of Finance, on Wednesday, announced the formation of the Pakistan Digital Assets Authority (PDAA), a body that has been dedicated and tasked with overseeing blockchain infrastructure and the regulation of digital assets in the country. The move marks a major step towards formalizing a market that has been estimated to witness more than $300 billion in annual crypto trading volume. According to Finance Minister Muhammad Aurangzeb, the PDAA would be in charge of creating a secure, innovative, and inclusive ecosystem that will house digital assets. He also added that it will ensure that…
Filed under: News - @ May 24, 2025 11:22 am