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Pakistan Crypto Council Faces Legitimacy Crisis Amid Ban

6/3/2025

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Summary

PCC Faces Scrutiny

The Pakistan Crypto Council (PCC) is under fire as the Senate questions its legitimacy, formed via an executive order. Despite the controversy, the PCC is determined to create a regulatory framework for digital assets. Meanwhile, the government treads carefully, upholding a cryptocurrency ban while considering potential oversight measures.

Summary

Pakistan Powers Bitcoin

Pakistan's government is set to dedicate 2,000 megawatts of electricity for Bitcoin mining and AI data centers, igniting worries from the IMF during a time of energy shortages. This move, alongside the formation of the Pakistan Crypto Council and a Bitcoin reserve, adds complexity to the country's fiscal talks with the IMF.

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PCC Faces Scrutiny

The Pakistan Crypto Council (PCC) is under fire as the Senate questions its legitimacy, formed via an executive order. Despite the controversy, the PCC is determined to create a regulatory framework for digital assets. Meanwhile, the government treads carefully, upholding a cryptocurrency ban while considering potential oversight measures.

1 / 2