🇵🇰 Ali Dar Reportedly Loses Over \$100 Million in Crypto Trading
🔍 What Happened
* Senior journalists **Nadeem Malik** aur senior analyst **Usman Shami** ne bataya ke **Ali Dar**, Foreign Minister **Ishaq Dar** ke bete, ne Dubai-based crypto projects jaise **Qoinnt** aur **Planet** mein karib **$US \$100 million ka nuksan** uthaya TechJuicel
* Yeh reports **25–27 July 2025** ke beech public hui aur Binance Square jaise platforms par viral ho gayi ([Binance][4]).
❗ Why Is It Significant
* **High-profile involvement**: Aik political family ki taraf se notice ke projects fail hone ne national debate chhed diya
* Universal risk message: Ye sabit karta hai ke crypto volatility har kisi ko effect kar sakti hai, chahey woh aam investor ho ya elite family ([Citizens' - Voice][6]).
* Cross-border concern*: Projects UAE/Dubai mein operate huay thay; is se unregulated platforms aur transparency ki kami ki baat samne ayi .
⚠️ Market & Policy Impact
* Investor caution: Pakistani retail investors aur traders ne conservative stance adopt kar liya hai
* **Trust issues**: Speculation hai ke trades unauthorized schemes ya unregulated platforms par hue ū investors ke confidence ko hurt kar rahe hain ([Citizens' - Voice][6], [Daily Qudrat English][5]).
#### ✅ Regulatory Response – PCC & PVARA
* Pakistan ne March 2025 me **Pakistan Crypto Council (PCC)** establish kiya, jiska maksad crypto policies aur industry framework banana tha; CEO hai **Bilal Bin Saqib**, aur adviser Changpeng Zhao of Binance ([en.wikipedia.org][8]).
* ***8 July 2025*** ko **Virtual Assets Ordinance 2025** ke tehat **Pakistan Virtual Assets Regulatory Authority (PVARA)** ka estabishment law ki shakl me hua, jise **Muhammad Aurangzeb** head kar rahe hain
**PVARA ke key functions**:
* Licensing of Virtual Asset Service Providers (VASPs)
* Ensuring FATF-compliant AML/KYC standards
