His Excellency Rizwan Saeed Sheikh, Ambassador of Pakistan to the United States, met with Patrick Witt, Executive Director of the U.S. President’s Council of Advisors for Digital Assets, on Monday, December 15. In their meeting, discussions revolved around how to increase Pakistan–U.S. cooperation across key digital and technology industries.
Pakistan has made the advancement of blockchain and fintech products a key part of its strategy to establish itself as a leader in the digital and blockchain economy. To that end, Pakistan has established the Pakistan Crypto Council and enacted the Promulgation of Virtual Assets Ordinance 2025.
Furthermore, Pakistan has created the Pakistan Virtual Assets Regulatory Authority to ensure the industry is well-regulated in a manner that both protects consumers and supports innovation. Additionally, the State Bank of Pakistan—the country’s central bank—has undergone a major shift in perspective, reflecting a desire to implement an institutional framework that supports a strong ecosystem for digital assets, which is fully legally compliant.
Pakistan looks to leverage itself as both a geopolitical and geoeconomic asset, connecting liquidity-rich regions interested in blockchain and other key technologies. As such, Pakistan aims to streamline and regulate digital assets in a mutually beneficial manner in partnership with the United States.
With a youthful population and one of the world’s largest freelance IT workforces, Pakistan is well-positioned to become a leader in the digital assets economy. Growing this key sector will undoubtedly benefit both Pakistan and the United States.
