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Pakistan Establishes Digital Assets Authority to Regulate Crypto Sector
Pakistan Establishes Digital Assets Authority to Regulate Crypto Sector
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Pakistan has taken a decisive step toward formalizing its cryptocurrency framework with the creation of the Pakistan Digital Assets Authority (PDAA). The new regulatory body, approved by the Ministry of Finance, will oversee licensing, compliance, and innovation in blockchain-based financial infrastructure.
The PDAA’s mandate spans crypto exchanges, custodians, digital wallets, and emerging sectors like tokenization and decentralized finance. Finance Minister Muhammad Aurangzeb positioned the move as part of Pakistan’s ambition to become a regional leader in financial technology. "We must regulate not just to catch up, but to lead," he stated, signaling a proactive rather than restrictive approach to digital asset governance.
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