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Pakistan Crypto Council
Pakistan Crypto Council (PCC) is a Pakistani regulatory body to oversee and promote blockchain technology and digital assets within Pakistan; as of May 2025, reports indicated that Pakistan had approximately 40 million cryptocurrency users, with an estimated annual crypto trading volume exceeding US$300 billion. The council was established by the government of Pakistan in March 2025. History The initiative to establish the PCC was announced on 25 February 2025, with formal plans developed under the leadership of Finance Minister Muhammad Aurangzeb. The council was officially launched in March 2025. Leadership and structure The PCC is led by Ministry of Finance (Pakistan), Federal Finance Minister Muhammad Aurangzeb, who has been appointed as its head. Bilal Bin Saqib serves as the Chief of the council, providing strategic direction to its operations. The immediate governing board of the council includes officials such as the Governor of the State Bank of Pakistan, the Federal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blockchain Technology
The blockchain is a distributed ledger with growing lists of records (''blocks'') that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). Since each block contains information about the previous block, they effectively form a ''chain'' (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are resistant to alteration because, once recorded, the data in any given block cannot be changed retroactively without altering all subsequent blocks and obtaining network consensus to accept these changes. Blockchains are typically managed by a peer-to-peer (P2P) computer network for use as a public distributed ledger, where nodes collectively adhere to a consensus algorithm protocol to add and validate new transaction bloc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
