#DigitalAssetBill

As of May 2, 2025, Pakistan is making significant strides in regulating digital assets through the proposed Virtual Assets Bill 2025, aiming to transform its crypto landscape.

🇵🇰 Pakistan’s Virtual Assets Bill 2025: Key Highlights

Regulatory Framework: Introduced by Senator Dr. Afnan Ullah Khan, the bill seeks to establish a comprehensive legal structure for cryptocurrencies, blockchain technologies, and other digital assets in Pakistan.

Virtual Asset Zones: Designated areas where crypto-related businesses can operate under specific regulations, ensuring financial stability and investor protection

National Virtual Assets Regulatory Commission: A proposed body to oversee the registration and licensing of virtual asset zones, exchanges, and service providers, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

Digital Rupee Initiative: The bill paves the way for the introduction of a Pakistan Rupee-backed digital currency, aiming to modernize the financial sector.

Tax Incentives: Provisions include reduced corporate taxes for entities in Virtual Asset Zones and tax exemptions for foreign investors contributing to blockchain projects.

Use of Renewable Energy: Encourages the utilization of surplus renewable energy to power crypto operations, promoting sustainable practices.