IMF Praises Pakistan’s Economic Rebound | Shehbaz Sharif Pushes Reforms | Abii TAk

The Government of Pakistan has announced the formation of the Pakistan Digital Assets Authority PDA to regulate and accelerate the country’s virtual asset economy in line with Financial Action Task Force or FAF safeguards.

IMF Praises Pakistan’s Economic Rebound | Shehbaz Sharif Pushes Reforms

Abii TAk

The Government of Pakistan has announced the formation of the Pakistan Digital Assets Authority PDA to regulate and accelerate the country’s virtual asset economy in line with Financial Action Task Force or FAF safeguards.

 According to a statement from the Ministry of Finance, this strategic move is aimed at introducing a comprehensive regulatory framework for digital assets.

 Acting on recommendations from the Pakistan Cryptocurrency Council or PCC, the newly established PDA will oversee blockchain-based financial infrastructure to ensure innovation, economic inclusion and responsible digital asset adoption, all in compliance with ATF guidelines. Finance Minister and PCC Chairman Muhammad Orangzee stated that Pakistan must not only regulate to catch up, but to lead. He said the PDA would be a specialized regulatory body with a clear mandate to oversee licensing, compliance and innovation within the digital asset ecosystem. This includes regulating exchanges, custodians, wallets, tokenized platforms, stablecoins and decentral east finance applications under a single framework. This aligns Pakistan with economies like the UAE. Japan. Singapore and Hong Kong. All of which have set up regulators for digital assets to foster innovation and maintain compliance with global financial norms. The PDA is expected to regulate Pakistan’s estimated 25 billion dollars in formal crypto market, enable tokenization of national assets and government debt, clarify legal status for investors, and monetize surplus electricity through regulated bitcoin mining. For more on this, read the Full Dawn story linked below.  Abii tak 

The Government of Pakistan has announced the formation of the Pakistan Digital Assets Authority PDA to regulate and accelerate the country’s virtual asset economy in line with Financial Action Task Force or FAF safeguards.

 According to a statement from the Ministry of Finance, this strategic move is aimed at introducing a comprehensive regulatory framework for digital assets.

 Acting on recommendations from the Pakistan Cryptocurrency Council or PCC, the newly established PDA will oversee blockchain-based financial infrastructure to ensure innovation, economic inclusion and responsible digital asset adoption, all in compliance with ATF guidelines. Finance Minister and PCC Chairman Muhammad Orangzee stated that Pakistan must not only regulate to catch up, but to lead. He said the PDA would be a specialized regulatory body with a clear mandate to oversee licensing, compliance and innovation within the digital asset ecosystem. This includes regulating exchanges, custodians, wallets, tokenized platforms, stablecoins and decentral east finance applications under a single framework. This aligns Pakistan with economies like the UAE. Japan. Singapore and Hong Kong. All of which have set up regulators for digital assets to foster innovation and maintain compliance with global financial norms. The PDA is expected to regulate Pakistan’s estimated 25 billion dollars in formal crypto market, enable tokenization of national assets and government debt, clarify legal status for investors, and monetize surplus electricity through regulated bitcoin mining. For more on this, read the Full Dawn story linked below.  Abii tak

IMF Praises Pakistan’s Economic Rebound | Shehbaz Sharif Pushes Reforms