ISLAMABAD: The government on Wednesday announced establishing a Pakistan Digital Assets Authority (PDAA) to regulate and accelerate the Virtual Asset Economy comp­liant with the Fina­ncial Action Task Force (FATF) safeguards.

In a statement, the Ministry of Finance said it was initiating a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. On the recommendations of the Pak­istan Cryptocurrency Cou­ncil (PCC), a dedicated body, ‘Pakistan Digital Assets Authority’, would regulate blockchain-based........

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