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The Ministry of Finance has announced the initiation of a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. As part of this strategy, the government has endorsed the establishment of a dedicated body — the Pakistan Digital Assets Authority (PDAA) — tasked with regulating blockchain-based financial infrastructure.
The primary aim of this initiative is to ensure FATF-compliant innovation, promote economic inclusion, and support the responsible adoption of digital assets, said an official statement of the Finance Ministry on Wednesday.
“Pakistan must regulate not just to catch up — but to lead. 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,” said Muhammad Aurangzeb, Federal Minister for Finance and Revenue and Chairman of the Policy Coordination Committee (PCC).
Global Alignment, National Impact
The PDAA will serve as a specialized regulatory authority with a clear mandate to oversee licensing, compliance, and innovation within the digital asset ecosystem. It will regulate exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized finance (DeFi) applications — all under a unified, agile framework.
This strategic move aligns Pakistan with other progressive economies such as the UAE, Japan, Singapore, and Hong Kong — all of which have established digital asset regulators to foster innovation while maintaining compliance with global financial standards.
The PDAA is expected to:
- Regulate a $25 billion+ informal crypto market
- Enable the tokenization of national assets and government debt
- Provide legal clarity for both global and local investors
- Facilitate the monetization of Pakistan’s surplus electricity through regulated Bitcoin mining
- Empower youth and startups to develop blockchain-based solutions at scale
A Signal to the World
With the creation of the PDAA, Pakistan is signaling its intent to become a serious contender in the global digital economy. The initiative is designed to attract responsible innovation and build trust among investors, entrepreneurs, and international partners.
“This is not just about crypto — it’s about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance, and Web3 innovation,” said Bilal Bin Saqib, CEO of the Pakistan Crypto Council.
