Ministry of Law unveils draft framework for digital assets

June 10, 2025 (MLN): The Ministry of Law and Justice has tabled a draft of the proposed legal framework outlining a robust regulatory structure for digital and virtual assets.

The framework encompasses governance mechanisms, licensing protocols, and investor protection provisions.

This draft was developed through close collaboration with members of the Pakistan Crypto Council, key stakeholders, and technical experts during a follow-up meeting of the Pakistan Crypto Council (PCC) held at the Finance Division, chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The meeting aimed to review progress on the development of a comprehensive regulatory framework for digital and virtual assets in Pakistan, as per the press release issued.

Designed in alignment with international best practices and evolving global standards, the proposed framework seeks to position Pakistan as a forward-looking participant in the digital asset ecosystem.

Finance Minister lauded the collaborative efforts of all involved and underscored the importance of swiftly finalizing and operationalizing the framework to provide legal certainty and harness the economic potential of blockchain and crypto technologies in the country.

During the meeting, the draft was thoroughly reviewed and refined.

It was collectively agreed that the in-principle approval process will be fast-tracked to ensure timely enactment and effective implementation.