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Pakistan Establishes PDAA to Regulate Digital Assets and Blockchain Technology
Pakistan Establishes PDAA to Regulate Digital Assets and Blockchain Technology
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Pakistan’s government has launched the Pakistan Digital Assets Authority (PDAA), a regulatory body tasked with overseeing cryptocurrencies and blockchain applications. The Ministry of Finance spearheaded the initiative, aiming to position the country as a leader in emerging financial technologies.
The PDAA will govern digital currency exchanges, wallet providers, and blockchain-based platforms, enforcing compliance and security measures. Finance Minister Muhammad Aurangzeb emphasized the need for proactive regulation: "Pakistan requires smart rules—not merely to follow global trends, but to pioneer blockchain innovation." The authority will prioritize consumer protection while attracting foreign investment in the digital asset space.
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