INSUBCONTINENT EXCLUSIVE:
infrastructure in the country.The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate
exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from
Source: Pakistan Ministry of FinanceThe PDAA will also be tasked with tokenizing national assets and government debt, facilitating
designed to address terrorism financing, money laundering provisions, and Know Your Customer concerns, according to am April 10 report from
local newspaper, The Express Tribune.In May 2023, former Minister of State for Finance and Revenue Aisha Ghaus Pasha said that Pakistan
would never legalize cryptocurrencies due to the potential for digital assets to circumvent regulations created by the Financial Action Task
the number of crypto users is expected to amount to over 27 million by 2025, out of a population of 247 million.At the same time, revenue in
the Pakistan crypto market is projected to reach $1.6 billion in 2025
The United States still leads the pack, with its crypto market generating an estimated revenue of over $9.4 billion, according to Statista
