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PMLN Senator Accuses Govt of Copying Virtual Assets Bill 2025

  • PMLN’s Senator Dr. Afnan Ullah Khan accuses federal government of copying his Virtual Assets Bill 2025, a proposed legal framework to regulate cryptocurrency, blockchain, and digital assets in Pakistan.
  • The original bill proposed the introduction of a Pakistan Digital Rupee pegged to the local currency, establishment of Virtual Asset Zones, and compliance with international AML and CTF standards.
  • The bill aimed to protect investors, promote financial transparency, and prevent money laundering or terrorism financing through designated hubs for regulated cryptocurrency activity and a National Virtual Assets Regulatory Commission.
  • Pakistan currently lacks a Central Bank Digital Currency, leading to limitations in legal trading of crypto assets, with existing peer-to-peer transactions under scrutiny by the Federal Investigation Agency. The bill aimed to position Pakistan as a progressive player in the global digital economy.

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