In a significant development for regional digital economy collaboration, Malaysian Foreign Minister Mohamad Bin Haji Hasan engaged in discussions with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to explore joint ventures in blockchain technology and Shariah-compliant finance.
The dialogue centered on establishing a Pakistan-Malaysia Digital Finance Partnership, with an emphasis on creating FATF-compliant, Shariah-aligned digital asset frameworks. These frameworks aim to set a precedent for the Organisation of Islamic Cooperation (OIC).
Bilal Bin Saqib highlighted the synergy between Malaysia’s Islamic finance leadership and Pakistan’s advancements in crypto regulation, emphasizing their potential to establish global standards for digital finance innovation.
The Pakistan Crypto Council is spearheading the development of a passportable crypto regulatory framework that encourages innovation while adhering to international compliance standards.
Key cooperation areas discussed include regulatory coordination and cross-border talent development in Web3 education. This engagement marks the start of a deeper economic and technological partnership between the two nations.
This meeting follows Binance Founder Changpeng Zhao’s appointment as a Strategic Advisor to the PCC, showcasing Pakistan’s growing influence in the digital asset sector.