Pakistan Establishes Digital Assets Authority to Regulate Crypto Market – Coincu
The post Pakistan Establishes Digital Assets Authority to Regulate Crypto Market – Coincu appeared on BitcoinEthereumNews.com. Key Points: The Pakistan Ministry of Finance establishes the Digital Assets Authority. PDAA will regulate a $25 billion informal crypto market. Regulations aim to attract global investments and innovate financial infrastructure. Pakistan’s Ministry of Finance announced the formation of the Pakistan Digital Assets Authority (PDAA) on May 22, 2025, aimed at regulating digital assets. With regulations covering exchanges and wallet providers, Pakistan anticipates encouraging innovation in its financial sector. The establishment of the PDAA marks a significant shift toward structured digital asset management in Pakistan. This move is expected to bolster consumer protection and enhance global investment opportunities. Pakistan Targets $25B Crypto Market with New Authority The Pakistani government has formed the PDAA to effectively regulate its digital asset landscape. Prior to this, the country’s crypto market operated without formal oversight, creating challenges for stakeholders. The PDAA’s mandate includes regulating exchanges, custodians, and DeFi platforms along with promoting energy monetization through Bitcoin mining. Pakistan’s informal crypto market is valued at over $25 billion. Numerous changes are anticipated from this formation, including clearer frameworks for investors and a robust regulatory environment. The initiative aims to attract foreign investments, positioning Pakistan as a favorable destination for digital finance innovations. Regulation of government bonds and national asset tokenization is among the PDAA’s objectives. Key players emphasize the opportunity presented by the PDAA. Finance Minister Muhammad Aurangzeb articulated that the framework will position Pakistan as a leader in financial innovation. “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.” Regulatory Shift in Pakistan Sets Stage for Crypto Innovation Did you know? In 2018, Pakistan’s State Bank banned financial institutions from providing services related to virtual currencies. Today’s…
The post Pakistan Establishes Digital Assets Authority to Regulate Crypto Market – Coincu appeared on BitcoinEthereumNews.com.
Key Points: The Pakistan Ministry of Finance establishes the Digital Assets Authority. PDAA will regulate a $25 billion informal crypto market. Regulations aim to attract global investments and innovate financial infrastructure. Pakistan’s Ministry of Finance announced the formation of the Pakistan Digital Assets Authority (PDAA) on May 22, 2025, aimed at regulating digital assets. With regulations covering exchanges and wallet providers, Pakistan anticipates encouraging innovation in its financial sector. The establishment of the PDAA marks a significant shift toward structured digital asset management in Pakistan. This move is expected to bolster consumer protection and enhance global investment opportunities. Pakistan Targets $25B Crypto Market with New Authority The Pakistani government has formed the PDAA to effectively regulate its digital asset landscape. Prior to this, the country’s crypto market operated without formal oversight, creating challenges for stakeholders. The PDAA’s mandate includes regulating exchanges, custodians, and DeFi platforms along with promoting energy monetization through Bitcoin mining. Pakistan’s informal crypto market is valued at over $25 billion. Numerous changes are anticipated from this formation, including clearer frameworks for investors and a robust regulatory environment. The initiative aims to attract foreign investments, positioning Pakistan as a favorable destination for digital finance innovations. Regulation of government bonds and national asset tokenization is among the PDAA’s objectives. Key players emphasize the opportunity presented by the PDAA. Finance Minister Muhammad Aurangzeb articulated that the framework will position Pakistan as a leader in financial innovation. “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.” Regulatory Shift in Pakistan Sets Stage for Crypto Innovation Did you know? In 2018, Pakistan’s State Bank banned financial institutions from providing services related to virtual currencies. Today’s…
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