Pakistani legislators have approved the establishment of a regulatory body to supervise the blockchain-based financial infrastructure and the ecosystem of the country.
Dubbed the Pakistan Digital Assets Authority (PDAA), the Ministry of Finance has approved its training to supervise report from state -owned companies PTV.
The body will be responsible for monitoring the activities of related entities such as Crypto exchanges, preservators, digital portfolios, tokenization services, stablecoins and decentralized financial protocols.
According to Minister of Finance Muhammad Aurangzeb, the PDAA is part of a broader strategy to place Pakistan at the forefront of financial innovation.
He emphasized that Pakistan “should not only regulate for catching up”, adding that the new body will help protect consumers, withdrawing worldwide investments and developing a “ready-to-future framework” for digital financing.
In addition to the market supervision, the PDAA is expected to play a central role in topping national assets and government debt, facilitating bitcoin-mining by generating income from surplus electricity and to enable local startups to build solutions based on Blockchain.
As previously reported by crypto.news, the Pakistan division of Pakistan started in March with important stakeholders to explore competitive electricity edition models for emerging industries, including digital assets, without resorting to subsidies.
Minister of power Awais Leghari has also held discussions with Bilal bin Saqib, CEO of the newly established Pakistan Crypto Council (PCC), to assess how worldwide crypto -mining companies can use the surplus electricity of the country.
Just over two years after former minister Aisha Ghaus Pasha stated that Pakistan would not legalize cryptocurrencies, the launch of the PDAA indicates a dramatic reconsideration of the position of the country.
For years, the State Bank of Pakistan had retained a cautious position, warning for the use of cryptocurrency and the consideration of assets such as Bitcoin illegal tender.
However, that attitude began to mitigate at the end of 2024 when the government proposed changes to the SBP Act, allowing the Central Bank to issue digital currency and manage both physical and digital forms of money.
Further signaling change, the Pakistan Crypto Council was founded in March 2025 under the Financial Division to advise on the policy of digital assets.
At the time, Saqib said that Pakistan is “on the sidelines” and wants to attract international investments, which emphasizes the “cheap fast -growing market” of the country and ready to build a “Web3 Native Workforce.”
The following month, the founder of Binance Changpeng Zhao was appointed as a strategic adviser, after a high level in Islamabad with the Prime Minister, Finance Minister and Central Bank Minister.
Pakistan has an estimated between 15 and 20 million cryptocurrency users and is currently one of the top 10 countries worldwide in the acceptance of crypto, according to chain analysis facts.
