#DigitalAssetBill The Virtual Assets Bill 2025, introduced by Senator Dr. Afnan Ullah Khan of the Pakistan Muslim League Nawaz (PMLN), aims to establish a comprehensive regulatory framework for digital assets in Pakistan. This legislation seeks to regulate cryptocurrencies, blockchain technologies, and other virtual assets, marking a significant step towards integrating digital finance into the country's economy.

Key Highlights of the Virtual Assets Bill 2025

Introduction of the Digital Rupee: The bill proposes the creation of a Digital Rupee, a virtual currency backed by the Pakistani Rupee (PKR) and regulated by the State Bank of Pakistan. This initiative aims to modernize the financial landscape by integrating digital currencies into the mainstream economy.

Establishment of Virtual Asset Zones: The legislation outlines the creation of designated areas known as Virtual Asset Zones. These zones are intended to foster innovation and provide a controlled environment for the development and operation of digital asset services.

Regulatory Framework for Virtual Asset Service Providers (VASPs): The bill introduces a legal framework to regulate the activities of local virtual asset service providers. This framework emphasizes compliance with the standards of the Financial Action Task Force (FATF), aiming to ensure transparency and prevent illicit activities in the digital