In a strategic move to harness the burgeoning $25 billion crypto market, Pakistan establishes the Pakistan Digital Assets Authority (PDAA). The country intends to establish a comprehensive crypto regulatory framework and ensure compliance with global financial standards. Will this move position Pakistan as a leader in the global crypto market?
Notably, the PDAA will oversee licensing, compliance, and innovation in the crypto and blockchain sectors, regulating a broad range of areas, including stablecoins, digital wallets, tokenized platforms, exchanges, custodial services, and DeFi applications, all under a unified and adaptable framework.
Pakistan to Oversee Crypto Market via PDAA: Know Details
In a bid to boost the growth of its vast crypto market, Pakistan has unveiled PDAA, an organization to regulate the blockchain-based financial sector. With the establishment of the PDAA, Pakistan joins the ranks of progressive economies like the UAE, Japan, Singapore, and Hong Kong, which have already set up robust crypto regulations to foster innovation. This initiative comes less than a month after India launched a missile attack on Pakistan.
It is noteworthy that the country’s vision is not restricted to crypto or blockchain, but its entire financial landscape. Bilal Bin Saqib, Pakistan Crypto Council (PCC) CEO, noted, “This is not just about crypto — it’s about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance and Web3 innovation.”
Significantly, Pakistan aims to promote FATF-compliant innovation, drive economic inclusion, and encourage crypto adoption through PDAA. Commenting on their initiative, Finance Minister and PCC Chairman, Muhammad Aurangzeb, stated,
Pakistan must regulate not just to catch up — 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.
In addition to the $25B crypto market, PDAA is expected to regulate the country’s informal crypto market. Moreover, the authority will also facilitate the tokenization of national assets and government debt, provide regulatory clarity for local and international investors, enable the monetization of surplus electricity through regulated Bitcoin mining, and support youth and startups in developing scalable blockchain solutions.
Pakistan Eyes Crypto Leadership
This move is part of Pakistan’s overarching vision of solidifying its position in the global crypto market. With PDAA, the country seeks to establish a regulated crypto trading environment, fostering trust among its international partners and investors.
The country has long been taking efforts to foster its crypto market growth and innovation. For instance, Pakistan established the National Crypto Council (NCC) to develop a legislative framework for cryptocurrency trading, with Binance founder Changpeng Zhao serving as its strategic advisor.
In a recent development, Donald Trump’s World Liberty Financial collaborated with the Pakistan Crypto Council to advance blockchain innovation, stablecoin adoption, and decentralized finance (DeFi) integration across the country.
Additionally, Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) authorities introduced the country’s inaugural policy framework for digital currencies, aligning with the Financial Action Task Force’s (FATF) global standards for financial integrity and compliance last month.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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