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Govt Sets up Digital Assets Authority as per FATF Requirement
- On May 21, 2025, Pakistan’s government revealed plans to create a new entity, the Pakistan Digital Assets Authority, tasked with overseeing and managing the country’s digital asset ecosystem.
- This decision follows growing user interest, pressure from the Financial Action Task Force, and recommendations from the recently formed Pakistan Crypto Council.
- The PDAA will regulate blockchain infrastructure, including exchanges, wallets, stablecoins, and DeFi, under a single framework aligned with global standards seen in economies like UAE and Singapore.
- The informal crypto market in Pakistan exceeds $25 billion, and the PDAA aims to enable tokenization, provide legal clarity, and support regulated Bitcoin mining, as stated by Finance Minister Muhammad Aurangzeb.
- This move positions Pakistan to lead financial innovation, promote economic inclusion, attract investment, and build trust with domestic and international stakeholders.
27 Articles
27 Articles
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Historic move: Digital assets authority to transform economy - The Financial Daily
KARACHI: Pakistan stands at the cusp of a transformative economic renaissance, driven by visionary governance and strategic reforms under the stewardship of the PML-N government, led by Prime Minister MianShehbaz Sharif. Central to this revival is the commendable leadership of Finance Minister Muhammad Aurangzeb, whose dynamic approach is reinvigorating Pakistan’s economy and securing its place in the global financial ecosystem. One of the stand…
Pakistan sets up digital assets authority to oversee its virtual economy
Pakistan sets up digital assets authority to oversee its virtual economy May 22, 2025 https://cryptotvplus.com/2025/05/pakistan-sets-up-digital-assets-authority-to-oversee-its-virtual-economy/Pakistan is launching a national authority to regulate its growing digital economy, marking its most ambitious step yet toward formalizing crypto, blockchain, and digital asset activity. The post Pakistan sets up digital assets authority to oversee its virt…
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