Odaily Planet Daily reports that the Pakistan Ministry of Finance has approved the establishment of the Pakistan Digital Asset Authority (PDAA) as a regulatory agency specifically overseeing blockchain financial infrastructure. This agency will be responsible for licensing and operating exchanges, custodians, wallets, tokenization platforms, stablecoins, and decentralized finance (DeFi) applications. Pakistan's Finance and Revenue Minister Muhammad Aurangzeb stated that the PDAA will be responsible for tokenizing state-owned assets, managing government debt, and utilizing Pakistan's surplus electricity through Bitcoin mining. (Cointelegraph)

Odaily Planet Daily reports that the Pakistan Ministry of Finance has approved the establishment of the Pakistan Digital Asset Authority (PDAA), a regulatory body dedicated to overseeing blockchain financial infrastructure. This agency will be responsible for regulating the licensing and operations of exchanges, custodians, wallets, tokenization platforms, stablecoins, and decentralized finance (DeFi) applications. Pakistan's Minister of Finance and Revenue, Muhammad Aurangzeb, stated that the PDAA will oversee the tokenization of state assets, government debt management, and leverage Pakistan's surplus electricity through Bitcoin mining. (Cointelegraph)

Pakistan Establishes Digital Asset Authority to Regulate Cryptocurrency Industry