Pakistan is creating a PDAA to regulate the crypto market with the aim of unlocking the $25 billion economic potential.
The PDAA oversees Bitcoin, stubcoin, tokenized assets, wallets, and decentralized finance applications.
Trump-backed recent contracts between WLF and Binance’s CZ show major international crypto collaborations.
FATF compliant rules establish Pakistan as South Asia’s next largest crypto hub.
Pakistan officially stepped into the world of digital finance. The government has launched the Pakistan Digital Assets Authority (PDAA), a new agency that manages and regulates Bitcoin and other digital assets across the country.
The move comes at a time when Pakistan’s informal crypto market is estimated to be worth around $25 billion.
Pakistan launches PDAA to regulate digital assets
On Wednesday, Pakistan’s Treasury Ministry announced the official launch of the PDAA, a dedicated agency to regulate everything related to digital assets. This includes Bitcoin, Stubcoin, tokenized assets, wallets, and even Decentralized Finance (DEFI) tools.
According to the Ministry of Finance, PDAA will create a safe, investor-friendly environment and make Pakistan more attractive to global blockchain companies.
Meanwhile, Finance Minister Muhammad Auranzeb said the PDAA is not just about regulation. It is also about creating a powerful and moving system that invites foreign investment, protects users and drives Web3 innovation.
What does PDAA do?
Some important responsibilities that the PDAA undertakes include:
- Oversees Pakistan’s massive $25 billion crypto market
- Use extra unused energy to promote bitcoin mining
- Allows quadrants of government-owned assets and public debt
- Provide legal ways to investors both within and outside Pakistan
- Helping Web3 Startups and Digital Export Growth
A global crypto partnership is underway
Another eye-catching move was Pakistan’s recent deal with World Liberty Financial (WLF), a Trump-backed crypto company. Recently, he signed a contract with World Liberty Financial (WLF), a crypto company associated with the Trump family.
The agreement was made through the Pakistan Cryptocourse, which also brought Binance founder CZ as an advisor. These partnerships suggest Pakistan’s bigger plan to become a serious player in the global crypto sector.
A new financial identity for Pakistan?
This new framework has led Pakistan to join countries such as Singapore, Japan and the United Arab Emirates. The PDAA operates under FATF compliant rules to ensure international trust.
Experts believe this could be the beginning of a major change. As Bilal bin Saqib of the Pakistan Crypto Council said, “This is not just about cryptography, but about changing the future of Pakistan’s finances.”
If everything goes as planned, Pakistan could soon become South Asia’s next biggest crypto destination.
