Pakistan Launches Digital Asset Authority to Regulate Crypto
In a landmark move, Pakistan has officially approved the creation of the Pakistan Digital Assets Authority (PDAA) — a new regulatory body aimed at overseeing the country’s growing digital finance ecosystem.
A Bold Step Into the Future
Endorsed by the Ministry of Finance, the PDAA will regulate blockchain-based platforms, exchanges, wallets, stablecoins, DeFi applications, and tokenized assets. Finance Minister Muhammad Aurangzeb emphasized the urgency of innovation:
“We must regulate not just to catch up, but to lead.”
He added that the new authority would attract global investment, protect users, and position Pakistan at the forefront of financial innovation.
Bitcoin Mining and Asset Tokenization
Beyond regulation, the PDAA will oversee tokenization of national assets, government debt, and the monetization of surplus electricity through regulated Bitcoin mining—a strategy aimed at converting unused energy into revenue.
Crypto Council and Industry Collaboration
This initiative stems from recommendations by Pakistan’s Cryptocurrency Council, launched earlier this year with support from notable figures, including former Binance CEO Changpeng Zhao.
According to Council CEO Bilal Bin Saqib,
“This is about rewriting our financial future—expanding access and building new export channels through tokenization and Web3 innovation.”
Changing Tides in Crypto Policy
Pakistan's stance on crypto has shifted dramatically. Once skeptical, the country is now among the top 10 globally in crypto adoption, driven by retail users and growing centralized transactions.
Estimates show over 27 million crypto users in Pakistan by 2025, with projected revenue reaching $1.6 billion—a significant leap for a country previously reluctant to embrace digital currencies.
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