Pakistan to Establish Digital Assets Authority for Crypto and Blockchain Regulation
Pakistan to Launch Digital Assets Authority in Landmark Move Toward Crypto Regulation
Pakistan is set to launch the Pakistan Digital Assets Authority (PDAA), a new national body to regulate the country’s rapidly expanding crypto and blockchain sector. Backed by the Ministry of Finance, the PDAA will oversee digital asset exchanges, wallets, tokenized platforms, stablecoins, and DeFi services.
Announced via state broadcaster PTV on May 21, the initiative signals a major policy shift from previous regulatory uncertainty.
Finance Minister Muhammad Aurangzeb described the move as a step toward financial leadership:
“With the PDAA, we’re building a future-ready framework to protect consumers, attract global investment, and lead in financial innovation.”
The PDAA will also tokenize national assets, explore regulated Bitcoin mining, and support Web3 startups. The initiative follows recommendations from the Cryptocurrency Council, which includes Binance founder Changpeng Zhao as an advisor.
Once wary of crypto, Pakistan now ranks 9th in global crypto adoption (Chainalysis, 2024), with over 27 million projected users by 2025 (Statista).
In related news, Trump-backed World Liberty Financial (WLFI) signed a Letter of Intent with the Pakistan Crypto Council on April 26 to accelerate DeFi growth through regulatory sandboxes and blockchain innovation.
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