Bilal Bin Saqib Appointed Chief Adviser to Minister for Crypto Council

The government of Pakistan has made a significant move in the digital transformation space by appointing Bilal Bin Saqib as the chief adviser to the finance minister of the Pakistan Crypto Council. This step aims to strengthen Pakistan’s position in the rapidly evolving digital economy and foster the growth of the country’s crypto sector. Bilal Bin Saqib's appointment is a testament to his expertise and leadership in blockchain and cryptocurrency.

A Major Step for Pakistan's Crypto Future

The announcement came from the Ministry of Finance, which issued a notification appointing Bilal Bin Saqib with immediate effect. This appointment is seen as an essential move for Pakistan as it looks to embrace emerging technologies while ensuring a secure and transparent financial system. The Finance Ministry is committed to creating a regulatory framework that encourages innovation while protecting consumers and investors in the crypto sector.

Bilal Bin Saqib is a prominent figure in the Web3 industry who has represented Pakistan in international competitions on several occasions. He has participated in prestigious events such as NFT NYC, the World Economic Forum, ETH Barcelona, and Token 2049. His experience spans key areas of the blockchain industry, including tokenizing real-world assets, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and institutional blockchain applications.

His work has helped shape the trajectory of several blockchain projects. He played a crucial role in introducing blockchain technology to Pakistan and has actively led education and awareness initiatives. Given his remarkable contributions to the digital and blockchain sectors, Bilal’s recognition on the global stage is not surprising.

A Global Thought Leader in Blockchain

Bilal Bin Saqib is a thought leader in the blockchain and Web3 space. He was included in Forbes' 30 Under 30 list and has received multiple accolades throughout his career. He has been recognized by King Charles III, the late Queen Elizabeth II, and the Mayor of London for his exceptional work. In 2023, he was honored with an MBE (Member of the British Empire) for his contributions to the National Health Service in the UK.

Bilal’s leadership in the blockchain sector goes beyond technical expertise. His vision for a more inclusive and transparent financial system aligns with Pakistan’s goals of improving economic growth and financial inclusion. His unique ability to balance technological innovation with regulatory compliance makes him the perfect fit for the role of Chief Adviser to the Minister for the Pakistan Crypto Council.

Shaping the Future of Pakistan’s Digital Economy

In his new role, Bilal Bin Saqib will lead the Pakistan Crypto Council, an advisory body dedicated to developing policies that support the growth of the crypto sector. The council comprises government representatives, regulatory authorities, and industry experts. Together, they will create a robust policy framework that fosters innovation while ensuring consumer protection.

Pakistan has seen significant growth in cryptocurrency adoption. In 2021, the country ranked third globally in crypto adoption. Even today, Pakistan remains in the top 10 countries for crypto adoption. Bilal Bin Saqib believes the government can emerge as a global leader in the digital economy.

One of Bilal’s main goals is to unlock the economic opportunities presented by the crypto industry. He envisions a future where Pakistan can attract foreign investment, create job opportunities, and offer a platform for its youth to shape the country’s economic future. With nearly 70% of Pakistan’s population under 30, Bilal sees a young, tech-savvy workforce ready to take on challenges and drive innovation in the digital space.

Building a Regulatory Framework for Growth

The Pakistan Crypto Council's role is vital in ensuring the country remains competitive in the global crypto landscape. The council will develop policies that balance regulatory compliance with innovation. A clear regulatory framework is essential to the success of the crypto industry in Pakistan. Bilal will work to create policies that attract investors and businesses to the country while maintaining consumer protection.

Bilal Bin Saqib has always believed in the potential of Pakistan's crypto sector. He has stated that the country can lead the way in crypto adoption by adopting forward-thinking policies. By creating a regulatory environment that encourages innovation, Pakistan can harness the full potential of blockchain technology and its related sectors.

A Vision for the Future

In his new role, Bilal Bin Saqib is determined to impact the country’s digital future positively. He believes that with the right policies, Pakistan can position itself as a leader in the global crypto space. Bilal has a clear vision for how the country can benefit from blockchain technology and is committed to making that vision a reality.

Pakistan has already made significant progress in the digital economy, and under Bilal Bin Saqib's guidance, it is poised to achieve even greater success. Bilal aims to unlock new economic opportunities for Pakistan’s citizens by fostering innovation, attracting investment, and empowering the youth.