TechFlow news, May 22 — According to Cointelegraph, Pakistan's Ministry of Finance has approved the establishment of the Pakistan Digital Assets Authority (PDAA) as a dedicated regulator for blockchain-based financial infrastructure. The agency will oversee licensing and operations of exchanges, custodians, wallets, tokenization platforms, stablecoins, and decentralized finance applications.
Pakistan’s Minister of Finance and Revenue, Muhammad Aurangzeb, stated that the PDAA will be responsible for the tokenization of state assets, management of government debt, and leveraging Pakistan’s surplus electricity for Bitcoin mining.
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