CEO Pakistan Crypto Council proposes utilizing surplus energy for bitcoin mining

Bilal Bin Saqib, the CEO of the Pakistan Crypto Council (PCC), has introduced the concept of utilizing surplus electricity for bitcoin mining, with the potential to transform the country's liabilities into assets.

The inaugural meeting of the Pakistan Crypto Council (PCC) was convened today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The gathering was attended by notable figures, including Bilal Bin Saqib, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal IT and Law Secretaries, all of whom are members of the PCC.

Discussions during the meeting centered on the necessity of regulatory clarity to fully harness the potential of Pakistan's cryptocurrency sector.

CEO Saqib underscored the significance of regulatory models and regional use cases that could be adapted to suit Pakistan’s unique circumstances.

Senator Aurangzeb highlighted that the PCC would serve as a unifying platform, bringing together all relevant stakeholders and regulatory bodies to collaboratively develop a comprehensive, responsible, and forward-thinking cryptocurrency regulatory framework.

“This marks the beginning of a new digital chapter for our economy,” Senator Aurangzeb stated.

“We are committed to fostering a transparent, future-ready financial ecosystem that attracts investment, empowers our youth, and positions Pakistan as a global leader in emerging technologies.”