#DigitalAssetBill

The Binance Digital Asset Bill is not a specific piece of legislation. However, Binance, the world's largest cryptocurrency exchange, has been actively involved in advising governments on digital asset regulations. In Pakistan, Binance co-founder Changpeng Zhao has been appointed as a strategic adviser to the Pakistan Crypto Council (PCC), a government-backed initiative established in March 2025 to regulate and promote blockchain technology and digital assets within the country .

The Virtual Assets Bill 2025, introduced in Pakistan's Senate by Senator Dr. Afnan Ullah Khan, aims to create a comprehensive regulatory framework for virtual assets, including cryptocurrencies and blockchain technologies. Key provisions of the bill include:

Creation of a Digital Rupee: A Pakistan Rupee-backed digital currency under central bank regulation.

Establishment of Virtual Asset Zones: Designated areas for cryptocurrency trading and management, ensuring financial stability and compliance with anti-money laundering (AML) and counterterrorism financing (CTF) regulations .

Formation of the National Virtual Assets Regulatory Commission: A body responsible for overseeing the registration and licensing of virtual asset exchanges and service providers, enforcing AML/CTF compliance, and imposing penalties for violations .

Binance's involvement in advising the PCC suggests a collaborative effort to shape Pakistan's digital asset landscape, aligning with global trends where crypto exchanges play advisory roles in regulatory developments .