🚨 Pakistan Launches Digital Asset Authority to Regulate Crypto and Tokenize National Assets 🚨
Pakistan's Ministry of Finance has established the Pakistan Digital Assets Authority (PDAA), a new regulatory body aimed at overseeing the country's blockchain-based financial infrastructure.
Key Highlights:
· The PDAA will regulate licensing for exchanges, custodians, wallets, stablecoins, and decentralized finance (DeFi) applications.
· It will also oversee the tokenization of national assets and government debt.
· The authority aims to monetize Pakistan's surplus electricity through regulated Bitcoin mining initiatives.
Finance Minister Muhammad Aurangzeb stated, "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."
The establishment of the PDAA follows recommendations from the Pakistan Crypto Council (PCC), launched on March 14, which includes former Binance CEO Changpeng Zhao as an adviser.
POLL: Will the PDAA's formation accelerate crypto adoption and innovation in Pakistan?
· ✅ Yes, it's a significant step forward
· ❌ No, challenges remain
· 🤔 Unsure, need more information
💬 Your Thoughts: Share your views and tag @FaisalCrypto007
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