1. Establishment of the Pakistan Digital Assets Authority (PDAA)
In a significant move, Pakistan has launched the Pakistan Digital Assets Authority (PDAA) to regulate the burgeoning crypto market, estimated at over $25 billion. The PDAA will oversee licensing, exchanges, wallets, stablecoins, and DeFi platforms. Additionally, it aims to tokenize national assets and monetize surplus electricity through regulated Bitcoin mining.
2. Formation of the Pakistan Crypto Council (PCC)
Established in March 2025, the PCC is a government-backed initiative under the Ministry of Finance. It focuses on developing regulations and promoting blockchain technology and digital assets. Notably, Changpeng Zhao, co-founder and former CEO of Binance, serves as a strategic adviser to the council.
3. Partnership with World Liberty Financial (WLF)
Pakistan has entered into a strategic partnership with World Liberty Financial, a cryptocurrency firm reportedly holding a 60% stake by the Trump family. The deal, signed in April 2025, has attracted attention due to the intertwining of political influence and commercial interests.
4. Utilization of Surplus Electricity for Bitcoin Mining
To address energy overcapacity, Pakistan plans to allocate surplus electricity to Bitcoin mining and AI data centers. This initiative aims to boost innovation, create jobs, and position the country as a global tech talent hub.
5. Rapid Growth in Crypto Adoption
Despite previous regulatory resistance, Pakistan's crypto market has witnessed significant growth. Projections indicate that crypto users will surpass 27 million by 2025, with market revenue reaching $1.6 billion.
