Pakistan has taken a groundbreaking step towards establishing a formal framework for its growing cryptocurrency market by launching the Pakistan Digital Asset Authority (PDAA). This announcement, made by the Ministry of Finance on May 21, 2025, signifies a significant shift in the country’s approach to digital assets and aims to bring the approximately $25 billion crypto industry under regulated oversight. The PDAA will be instrumental in aligning with international standards like FATF guidelines and modernizing Pakistan’s financial infrastructure. This move not only establishes a regulatory framework but also creates opportunities for attracting global investment by promoting transparency and trust.