Pakistan establishes digital asset authority to regulate crypto market

The Pakistan Digital Asset Authority (PDAA) was set up to regulate the country’s crypto market valued at $25 billion. This initiative is intended to align regulations with international standards and modernize its financial infrastructure.

Regulatory clarity from PDAA is aimed at attracting considerable global investments and fostering growth in Pakistan’s crypto sector. Finance Minister Muhammad Aurangzeb envisions this as a step towards leading financial innovation.

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