Pakistan has launched the Pakistan Digital Assets Authority (PDAA) to regulate the crypto sector and accelerate the growth of the virtual asset economy.
The core objective of PDAA is to ensure FATF-compliant innovation, promote economic inclusion, and support the responsible adoption of digital assets in Pakistan.
The PDAA will regulate exchanges, custodians, wallets, tokenized platforms, stablecoins, and DeFi applications under one agile framework, aligning Pakistan with global leaders in digital asset regulations.
The establishment of PDAA is expected to bring benefits such as regulating the informal crypto market, providing legal clarity to investors, enabling tokenization of national assets, and fostering tech-driven entrepreneurship.