#DigitalAssetBill The "Virtual Assets Bill 2025" was introduced in the Pakistan Senate to establish a regulatory framework for digital assets, including cryptocurrencies and blockchain technologies. The bill aims to pave the way for Pakistan's own digital currency and regulate the issuance, use, and trading of virtual assets.

Key details of the bill:

Purpose:

To regulate the issuance, use, and trading of virtual assets in Pakistan, ensuring financial stability and investor protection.

Digital Rupee:

The bill proposes the creation of a Digital Rupee, pegged to the Pakistani Rupee and overseen by the central bank.

Virtual Asset Zones:

The bill envisions establishing designated areas for cryptocurrency trading and management.

Regulatory Framework:

The bill aims to create a National Virtual Assets Regulatory Commission to register and license virtual asset zones, exchanges, and service providers.

AML/CFT Compliance:

The legislation mandates compliance with anti-money laundering and counter-terrorism financing regulations.