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Pakistan Calls for Unified Global Framework for Digital Assets at UN

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At a glance

  • Pakistan urged the UN to create a global framework for digital assets.
  • PVARA Chairman Bilal Bin Saqib highlighted the potential for financial inclusion.
  • The call was made at a UN session co-hosted by Pakistan's mission in New York.

Story so far

Pakistan has formally called for a unified global framework to regulate digital assets, arguing it is essential for managing the next generation of international finance. At a United Nations briefing in New York, Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, stated that technologies like tokenisation offer a critical opportunity to improve financial inclusion for the 1.4 billion adults who remain unbanked worldwide. The session was convened by Pakistan's Permanent Mission to the UN in collaboration with several UN agencies.

Latest development

Pakistan, speaking at a United Nations session, has called for the immediate establishment of a global regulatory framework for digital assets. Minister of State and PVARA Chairman Bilal Bin Saqib argued that coordinated governance is essential to ensure financial innovations drive economic inclusion for the 1.4 billion adults currently outside the formal financial system.

Sources and updates

Dawn News

Pakistan calls for unified global framework for digital assets

ISLAMABAD: Pakistan has called for the immediate establishment of global regulatory and institutional frameworks to govern digital assets and shape the next generation of international finance. Speaking virtually at a United Nations briefing on Satur

Business Recorder

Pakistan calls for global cooperation on digital assets

ISLAMABAD: Pakistan has called for stronger global cooperation to develop regulatory and institutional frameworks for digital assets, warning that countries must either shape the future of finance or risk being shaped by it. Minister of State and Cha

Usama MehboobUsama MehboobEditor
Categories: International News
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