#DigitalAssetBill
Virtual Assets Bill 2025 tabled in Senate
In a groundbreaking move, the "Virtual Assets Bill 2025" has been introduced, aiming to establish a regulatory framework for the country's rapidly growing digital assets market.
The bill, presented by Dr. Afnan Ullah Khan, a Senator from Pakistan's ruling party focuses on cryptocurrencies, blockchain technologies, and other virtual assets, signaling a significant shift toward embracing innovation and ensuring secure development in the digital economy.
It was presented in the Pakistan's Senate yesterday.
The bill represents a revolutionary step toward formalizing and regulating the country's digital economy.
According to a copy of the bill available to Mettis Global, the primary goal of this legislation is to lay the foundation for the creation of a digital rupee, governed under the regulations of the central bank.
The purpose of bringing this bill is to regulate the issuance, use, trading, and utilization of virtual assets within Pakistan, backed by the Pakistan rupee, setting up virtual asset zones, which would ensure financial stability, protect investors, and prevent illegal activities, the bill reads.
