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.