Unified crypto industry body proposed for Pakistan
https://www.dawn.com/news/2041524
Pakistan's cryptocurrency industry leader Hinza Asif has called for the creation of a unified industry representative body to protect investors and improve collaboration with international exchanges, following a recent multibillion-dollar cybersecurity breach at Binance. She highlighted that Pakistan, ranked third in the 2025 Global Crypto Adoption Index, boasts an estimated 40 million crypto-linked accounts and digital assets worth $10 billion to $20 billion.
However, the absence of verified investor data and a coordinated mechanism to represent stakeholders leaves the country vulnerable in the face of major cybersecurity or financial incidents. Asif emphasized the need for an independent body to represent Pakistani investors and engage with international exchanges during such crises, which currently lacks a clear pathway.
She welcomed the government's regulatory efforts through the Pakistan Virtual Assets Regulatory Authority (PVARA) but stressed that the regulator and an industry association would operate with distinct roles. Asif proposed a national digital finance platform backed by reliable market research, investor grievance mechanisms, cybersecurity awareness, and partnerships with global industry groups.
She also noted Pakistan's broader digital finance potential, extending beyond cryptocurrency to encompass blockchain applications, digital payments, fintech entrepreneurship, and international investment.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
