The Ministry of Finance of Pakistan held a high-level meeting on the national digital asset framework

The Pakistani Ministry of Finance recently hosted a high-level consultation meeting on the national digital asset framework, co-chaired by Finance Minister Muhammad Aurangzeb and PVARA Chairman Bilal Ben Saqib. The meeting brought together senior officials from the State Bank of Pakistan, major bank presidents, and Binance executives, including global CEO Richard Teng.

The meeting focused on establishing a secure and transparent digital asset ecosystem, discussing topics such as the responsible deployment of deposit and withdrawal infrastructure, strengthening compliance standards, and enhancing market transparency. Participants also explored the potential of blockchain technology in reducing Pakistan's annual remittance costs of $38 billion, as well as the possibility of sovereign debt tokenization.