In a major move for the country’s financial future, Pakistan has officially launched the Pakistan Digital Assets Authority (PDAA)—a new government body dedicated to regulating Bitcoin and the broader digital asset ecosystem.
The creation of the PDAA marks a significant milestone, aiming to bring transparency, investor protection, and innovation to Pakistan's growing crypto space. With an estimated $25 billion informal crypto market, this new regulatory step is expected to open the door for global investors and institutional interest.
The PDAA will be responsible for overseeing all key areas of the digital economy, including cryptocurrency exchanges, digital wallets, DeFi platforms, tokenized systems, and more. In addition to managing the regulatory framework, the authority will also facilitate the tokenization of national assets and support regulated Bitcoin mining in the country.
Finance Minister Muhammad Aurangzeb emphasized the strategic vision behind this move, stating:
“With the PDAA, we are creating a future-ready framework that protects consumers, invites global investment, and puts Pakistan at the forefront of financial innovation.”
This forward-thinking approach places Pakistan among the growing list of countries embracing blockchain technology and digital assets as part of their economic transformation.