Pakistan Launches PDAA, a New Era of Regulation for the $25M Crypto Industry!

Jakarta, Pintu News – Pakistan has taken a major step in the crypto industry by establishing the Pakistan Digital Asset Authority (PDAA). The move aims to regulate the $25 billion crypto market and position the country as a leader in global digital finance innovation.

With a comprehensive regulatory framework, the PDAA is expected to bring significant changes in the digital finance ecosystem in Pakistan.

Check out the full information here!

PDAA: A New Catalyst in Crypto Regulation

The Pakistan Digital Assets Authority (PDAA) has been established as a regulatory body that will regulate and license various entities within the crypto and blockchain sector. The PDAA will oversee stablecoins, digital wallets, tokenization platforms, exchanges, custody services, and DeFi applications.

This proposed framework aims to be adaptive and able to accommodate rapid innovation in the sector. With the establishment of the PDAA, Pakistan hopes to follow in the footsteps of other progressive economies such as the UAE, Japan, Singapore, and Hong Kong, which already have strong crypto regulations in place.

The initiative is not just about crypto, but also about changing the entire financial landscape of the country. According to Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), the goal is to expand access, create new export channels through tokenization, digital finance, and Web3 innovation.

PDAA’s Impact on Economy and Innovation

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The PDAA will not only regulate the $25 billion formal crypto market, but also the unorganized informal market. The authority will also facilitate the tokenization of national assets and government debt, and provide regulatory clarity for local and international investors.

In addition, the PDAA will support the monetization of surplus electricity through regulated Bitcoin mining and support youth and startups in developing scalable blockchain solutions. The initiative also aims to encourage the adoption of FATF-compliant cryptos, drive economic inclusion, and attract global investment.

According to Muhammad Aurangzeb, Minister of Finance and Chairman of the PCC, with the PDAA, Pakistan is not only trying to catch up, but also lead. This future-ready framework is expected to protect consumers and put Pakistan at the forefront of financial innovation.

International Collaboration and AML/CTF Policy

Pakistan has long sought to advance the growth and innovation of its crypto market. A National Crypto Council (NCC) has been established to develop a legislative framework for cryptocurrency trading, with Binance founder Changpeng Zhao as a strategic advisor.

Recently, Donald Trump’s World Liberty Financial collaborated with the Pakistan Crypto Council to advance blockchain innovation, stablecoin adoption, and decentralized finance integration across the country.

In addition, the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) authorities have introduced the country’s first policy framework for digital currencies last month, which is aligned with the Financial Action Task Force (FATF) global standards for financial integrity and compliance.

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