The Pakistan Ministry of Finance has announced the formation of the Pakistan Digital Assets Authority (PDAA) aimed at regulating digital assets in the country. This initiative is expected to support and protect consumers in a growing crypto landscape.
Creation of Pakistan Digital Assets Authority
On May 22, 2025, the Pakistan Ministry of Finance officially introduced the Pakistan Digital Assets Authority (PDAA). This initiative marks a significant step towards structured management of digital assets in the country, which previously operated without formal oversight.
Regulating the Crypto Landscape
The PDAA will oversee exchanges, custodians, and decentralized finance platforms. The agency will also promote energy monetization through Bitcoin mining. Pakistan's informal crypto market is valued at over $25 billion.
Future Prospects and Impact
Finance Minister Muhammad Aurangzeb emphasized that the establishment of the PDAA would provide Pakistan with an opportunity to lead 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 and invites global investment,' stated the minister.
The establishment of the Pakistan Digital Assets Authority represents a significant step towards structured regulation of the cryptocurrency market. This could attract international investments and foster innovations in the country's financial sector.
