Pakistan is set to establish a new national authority to oversee its fast-growing crypto and blockchain ecosystem, marking a major policy shift after years of regulatory uncertainty.

The Ministry of Finance has endorsed the creation of the Pakistan Digital Assets Authority (PDAA), which will act as the primary regulator for digital asset exchanges, wallets, custodians, tokenized platforms, stablecoins, and decentralized finance (DeFi) services.

Swell! 😁 You're a truly special friend, and I'm proud of that. @truongchinh