Digital assets: Bilal, Baker discuss evolving regulatory framework

According to Business Recorder, Bilal bin Saqib, Minister of State and chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), met US Chargé d'Affaires Natalie Baker in Islamabad to talk over the regulatory structure being shaped for digital assets. During the session, he gave her an update on how quickly the local digital asset sector is moving and on the steps Pakistan is taking to build a contemporary, strong rulebook. Innovation, financial transparency and the long-term outlook for the digital economy were also on the agenda.

Bilal bin Saqib stated that the groundwork for a digital economy is being laid with an eye on where the financial system is heading. He also described the country's direction as a new path for its digital economy, reached through innovation and financial transparency.