![](\"https:\/\/youragentpage.info\/wp-content\/uploads\/2025\/05\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTQ4YmMtNDE2OS03NjQ5LWJiNTktMTQ1ZWJjNTMzZTY0.jpg\")
<\/p>\n<\/p>\n<\/p>\n<\/p>\n
<\/p>\n
Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.<\/p>\n
The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges<\/a>, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according<\/a> to a May 21 report from the state-owned broadcaster, PTV.<\/p>\n Muhammad Aurangzeb, federal minister for finance and revenue, told the broadcaster, “Pakistan must regulate not just to catch up, but to lead” in the industry.<\/p>\n “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,” he said.<\/p>\n The PDAA will also be tasked with tokenizing national assets<\/a> and government debt, facilitating monetization of Pakistan’s surplus electricity through regulated Bitcoin mining<\/a>, and helping startups build blockchain-based solutions at scale.<\/p>\n The new regulatory body was part of a recommendation from the Pakistan advisory body, the Cryptocurrency Council, which was launched on March 14 and has former Binance CEO Changpeng Zhao as an adviser<\/a>.<\/p>\n “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,” said Bilal Bin Saqib, CEO of Pakistan’s Crypto Council.<\/p>\n Pakistan’s Federal Investigation Agency previously proposed a regulatory framework for digital assets designed to address terrorism financing, money laundering provisions, and Know Your Customer concerns, according to am April 10 report<\/a> from local newspaper, The Express Tribune.<\/p>\n In May 2023, former Minister of State for Finance and Revenue Aisha Ghaus Pasha said that Pakistan would never legalize cryptocurrencies<\/a> due to the potential for digital assets to circumvent regulations created by the Financial Action Task Force, the supranational organization that polices finance for money laundering. <\/p>\n Related: <\/strong><\/em>Pakistan Crypto Council proposes using excess energy for BTC mining<\/strong><\/em><\/a><\/p>\n However, the following year, Pakistan ranked<\/a> highly in Chainalysis’ 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.<\/p>\nPakistan crypto market rises despite early skepticism <\/h2>\n