ISLAMABAD, May 21: In a landmark move to embrace the future of finance, the Ministry of Finance has announced the initiation of a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan\u2019s virtual asset economy.
\nAccording to a press statement issued by the Ministry on Wednesday, the government has endorsed the establishment of a dedicated body \u2014 the Pakistan Digital Assets Authority (PDAA) \u2014 to regulate blockchain-based financial infrastructure.
\nThe aim is to ensure FATF-compliant innovation, economic inclusion and responsible adoption of digital assets, it added.
\nThe PDAA will serve as a specialized regulatory body with a clear mandate to oversee licensing, compliance and innovation within the digital asset ecosystem. Besides, it will regulate exchanges, custodians, wallets, tokenized platforms, stable coins and DeFi applications \u2014 all under a single, agile framework.<\/p>\n
This strategic decision aligns Pakistan with other forward-thinking economies such as UAE, Japan, Singapore and Hong Kong \u2014 all of which have established digital asset regulators to foster innovation while ensuring compliance with global financial norms.
\nThe PDAA is expected to regulate a $25 billion plus informal crypto market, besides enabling tokenization of national assets and government debt as well as provide legal clarity to global and local investors and facilitate monetization of Pakistan\u2019s surplus electricity through regulated Bitcoin mining and empower youth and startups to build blockchain-based solutions at scale
\nWith the proposed PDAA, Pakistan is signaling its intent to become a competitive player in global digital economy, inviting responsible innovation, and building trust with investors, entrepreneurs, and international partners.
\n\u201cPakistan must regulate not just to catch up \u2014 but to lead. With the PDAA, we are creating a future-ready framework that protects consumers, invites global investment, and puts Pakistan at the forefront of financial innovation,\u201d said Minister for Finance and Revenue, Chairman of PCC Muhammad Aurangzeb.
\n\u201cThis is not just about crypto \u2014 it\u2019s about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance, and Web3 innovation,\u201d said Bilal Bin Saqib CEO of Pakistan Crypto Council.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, May 21: In a landmark move to embrace the future of finance, the Ministry of Finance has announced the initiation of a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan\u2019s virtual asset economy. According to a press statement issued by the Ministry on Wednesday, the government has endorsed the establishment […]<\/p>\n","protected":false},"author":2,"featured_media":338139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-479881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n