Urooj Niazi 
government establishes pdaa to regulate crypto and blockchain
Pakistan Establishes the PDAA to Regulate Digital Assets and Crypto
Pakistan has since promulgated rules establishing the Pakistan Digital Assets Authority (PDAA) to oversee the burgeoning digital asset ecosystem in the country. This new body will consider licensing, compliance, and innovation issues for crypto exchanges, wallets, DeFi apps, stablecoins, and tokenized platforms under a single modern framework.
The PDAA aims to promote FATF-compliant innovations for economic inclusivity while also structuring Pakistan’s $25 billion informal crypto market. As help tokenizing Pakistan’s national assets, it would facilitate regular coinage through utilizing surviving power and for investor security, provide legal clarity through legal coverage. Taking a page from countries like the UAE, Japan, and Singapore, Pakistan sets its sights on being a major player in the global digital economy. Finance Minister Muhammad Aurangzeb remarked that this is a step toward consumer protection and spurring international investment.
The Pakistan Crypto Council CEO Bilal Bin Saqib added that this is not just about crypto; it is about rebuilding the financial future with digital finance and Web3 technology.
