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Pakistan is set to regulate its estimated $25 billion crypto market with the launch of the Pakistan Digital Assets Authority (PDAA) – a new regulatory body aimed at overseeing the country’s fast-growing virtual asset economy.
The Finance Ministry, led by Federal Minister Muhammad Aurangzeb, announced the move as part of a broader digital finance strategy.
“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,” he stated.
The authority will regulate exchanges, wallets, custodians, tokenized assets, stablecoins, and DeFi applications, aligning the country with tech-forward economies like Singapore, UAE, and Japan.
The PDAA is expected to:
- Oversee and formalize Pakistan’s $25 billion crypto market
- Support Bitcoin mining through surplus energy monetization
- Enable tokenization of government debt and national assets
- Encourage Web3 startups and digital financial exports
- Provide clear legal pathways for foreign and local investors
According to Bilal Bin Saqib, CEO of the Pakistan Crypto Council, “This is not just about crypto – it’s about rewriting our financial future through innovation, inclusion, and responsible regulation.”
The authority will operate under a FATF-compliant structure to ensure international trust and transparency, signaling Pakistan’s intent to lead in Web3 and blockchain innovation.
