Pakistan Creates PDAA to Oversee Digital Currency, Blockchain

Pakistan’s government has created a new group called the Pakistan Digital Assets Authority (PDAA). Pakistan’s Ministry of Finance has stated that the government has taken this initiative to manage and control cryptocurrencies and blockchain technology in the country. 

The PDAA will manage things like approving digital currency exchanges, digital wallets, and other blockchain-based apps. It will also make sure that they are safe and they are following the rules. The government’s action aims to establish Pakistan as a leading player in emerging financial technologies.

As per the reports, Finance Minister Muhammad Aurangzeb has stated that “Pakistan needs smart rules, not just to follow but to lead in blockchain technology. The new Pakistan Digital Assets Authority (PDAA) will work to keep consumers safe, bring in foreign money, and encourage new ideas.” 

He further added that, “It will look into turning national assets and government debt into digital tokens, using extra electricity for regulated Bitcoin mining, and it will also help new companies create blockchain solutions.”

The plan to create the Pakistan Digital Assets Authority came from advice given by the Cryptocurrency Council, a group started on March 14, 2025, with Changpeng Zhao, former Binance CEO, as an advisor. The council’s CEO, Bilal Bin Saqib, said the initiative is about changing Pakistan’s financial system, making it easier for people to use digital money, and creating new business possibilities with technologies like blockchain and Web3.

In the past, Pakistan was cautious about cryptocurrencies. In May 2023, former Finance Minister Aisha Ghaus Pasha was against making them legal because they could break rules set by the Financial Action Task Force (FATF). Despite this, Pakistan’s crypto market kept growing. 

This new approach shows that the nation is serious about using digital assets. The government wants to find a beneficial balance between trying new things and keeping those innovations secure with its regulations. By setting up rules and encouraging the use of blockchain, Pakistan aims to grow its financial system by attracting investors from all over the world and becoming an important hub for digital finance in its region.