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May 22, 2025The federal government has announced the creation of the Pakistan Digital Assets Authority (PDAA) to regulate the virtual asset sector in line with FATF guidelines and promote growth in the digital economy.
Backed by the Pakistan Cryptocurrency Council (PCC), the PDAA will oversee licensing, compliance, and innovation in areas including crypto exchanges, wallets, stablecoins, DeFi platforms, and tokenised assets. The move aims to formalize Pakistan’s $25 billion informal crypto market, attract global investment, and support blockchain-based startups.
Finance Minister Muhammad Aurangzeb called it a “future-ready framework” to position Pakistan as a regional leader in digital finance. The authority will also explore Bitcoin mining, tokenisation of public assets, and digital exports.
“This is about rewriting our financial future,” said PCC CEO Bilal Bin Saqib, emphasizing the potential for Web3 innovation and broader financial access.
