According to Business Recorder, Foresight News reports that Pakistan has established the Pakistan Digital Asset Authority (PDAA), responsible for regulating Bitcoin and digital assets, with the aim of ensuring innovative, economically inclusive, and responsible adoption of digital assets in compliance with FATF standards. It will also regulate exchanges, custodians, wallets, tokenization platforms, stablecoins, and DeFi applications under a single framework.
Muhammad Aurangzeb, the Finance Minister and Chairman of the Cryptocurrency Committee (PCC), stated: "Pakistan must strengthen regulation, not just to catch up, but to lead industry development. Through PDAA, we are creating a forward-looking framework to protect consumer rights and attract global investment."
