Islamabad:The Government of Pakistan has approved the creation of the Pakistan Digital Assets Authority (PDAA) to regulate digital and virtual assets in the country.
According to the Ministry of Finance, this new authority will be responsible for monitoring, licensing, and regulating all types of digital assets, including cryptocurrencies, digital wallets, tokenised platforms, and blockchain-based financial services.
The government says this step will help bring Pakistan’s $25 billion informal crypto market under proper regulation. It will also make it possible to tokenise national assets and government debts, helping to attract both local and foreign investment.
Finance Minister Muhammad Aurangzeb, who is also Chairman of the Pakistan Crypto Council, said the goal is not just to follow others but to lead in the digital economy.
“With the PDAA, we are building a modern system that protects users, encourages innovation, and puts Pakistan on the global digital map,” he said.
Officials say the new authority will also support youth and startups by creating opportunities in blockchain technology. In addition, it will explore safe and legal ways to use surplus electricity for Bitcoin mining.
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The Ministry stated that PDAA will work according to international standards, including the requirements of the Financial Action Task Force (FATF). The aim is to promote financial innovation, improve investor confidence, and support Pakistan’s image globally.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, added:
“This is not just about crypto. It’s about building Pakistan’s digital future, expanding access, and opening new export opportunities through digital finance and Web3.”
The move brings Pakistan in line with countries like the UAE, Japan, Singapore, and Hong Kong, which have already launched similar digital asset regulators.
