The federal cabinet has taken a major step forward with the incorporation of a new state-owned enterprise (SOE), the Strategic Digital Wallet Company, aimed at managing and safeguarding government-owned virtual assets, sources told ProPakistani.
The establishment of the company follows the promulgation of the Virtual Asset Ordinance, 2025, which provides a comprehensive legal framework for the regulation of virtual assets and Virtual Asset Service Providers (VASPs) in Pakistan.
This ordinance marks a significant milestone in Pakistan’s journey toward embracing blockchain-based financial technologies while ensuring compliance, transparency, and national security.
The Strategic Digital Wallet Company is being set up as a non-profit entity under Section 42 of the Companies Act, 2017, and will be registered with the Securities and Exchange Commission of Pakistan (SECP). The initiative is spearheaded by the Pakistan Crypto Council, which recommended the creation of a secure, government-operated cryptocurrency wallet to manage public-sector digital assets in line with the new regulatory regime.
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