WASHINGTON: Pakistan and the United States have showed interest in strengthening cooperation in the regulation and development of digital assets.
The move came at a meeting between Pakistani representatives led by Ambassador to the US Rizwan Saeed Sheikh and Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets.
During the meeting, appreciation was expressed for the leadership of the US President in advancing policies aimed at streamlining and regulating the emerging digital economy, including blockchain-based financial systems.
The discussion focused on global trends in digital finance and the need for coordinated regulatory frameworks to ensure innovation while safeguarding financial stability.
The Pakistan side highlighted the country’s recent progress in the digital assets space, pointing to a series of landmark initiatives undertaken over the past year.
These included the establishment of the Pakistan Crypto Council (PCC), the promulgation of the Virtual Assets Ordinance/Act 2025, the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA), and a notable shift in the State Bank of Pakistan’s approach toward digital assets and cryptocurrencies.
Both sides emphasized the importance of international cooperation in shaping the future of digital finance.
Pakistan expressed its intention to pursue a mutually beneficial partnership with the United States in streamlining digital asset regulation, promoting innovation, and fostering responsible adoption.
