👀 Pakistan🇵🇰: Finance Ministry approves creation of a “Digital Assets Authority” to regulate crypto and blockchain technology

👀 Pakistan🇵🇰: Finance Ministry approves creation of a “Digital Assets Authority” to regulate crypto and blockchain technology

It is estimated that by 2025 the number of cryptocurrency users in Pakistan will exceed 27 million, making it the largest crypto market in the region.

➡️ Pakistan doesn’t want to be left behind: this move follows recommendations from the newly established Cryptocurrency Council, an advisory body formed in March that includes former Binance CEO Changpeng Zhao. After recently examining Brazil’s case, the focus has shifted to Pakistan.

➡️ “If you can’t beat it, lead it” (c): For years, the Muslim world has debated the legality of cryptocurrencies under Islamic law — are they halal or haram⁉️ However, sharia does not forbid investment in intangible assets, provided the product has legitimate use and adds value.

➡️ The new authority, called PDAA, will be responsible for tokenizing national assets and public debt, as well as exploring regulated bitcoin mining as a way to monetize energy surplus. It is also expected to support startupsworking on large-scale blockchain infrastructure development.

#news #Asia #crypto

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you