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Pakistan sets up the Pakistan Digital Assets Authority (PDAA)

PDAA aims to regulate Bitcoin and digital assets

Country targets $25B market and global investment

New Era for Crypto in Pakistan

Pakistan has officially entered the global crypto race by launching the Pakistan Digital Assets Authority (PDAA). This newly formed body will regulate Bitcoin and other digital assets, signaling a serious commitment to crypto adoption and innovation in the country.

The PDAA’s creation marks a pivotal shift in Pakistan’s financial strategy. For years, crypto existed in a legal gray area, limiting its growth potential. Now, with a dedicated authority in place, Pakistan is preparing to open its doors to digital finance in a structured and secure manner.

Tapping Into a $25 Billion Opportunity

By regulating digital assets, the Pakistani government aims to unlock a $25 billion market. This move is expected to drive local innovation, support fintech startups, and attract international crypto investment. It’s a calculated step toward economic modernization and a digital future.

The PDAA will also work to ensure that crypto transactions align with anti-money laundering (AML) and counter-terrorism financing (CTF) laws, offering investors a more trustworthy environment.

LATEST: Pakistan sets up the Pakistan Digital Assets Authority (PDAA) to regulate Bitcoin and digital assets, aiming to unlock $25B market and attract global investment. pic.twitter.com/t21Y8vuLd7

— Cointelegraph (@Cointelegraph) May 21, 2025

Global Investors Take Notice

This bold initiative positions Pakistan as a rising hub for blockchain innovation in South Asia. With over 220 million people and a tech-savvy youth population, the country offers fertile ground for crypto adoption.

Global investors are watching closely. The combination of regulation and market potential could turn Pakistan into a regional leader in the digital economy, much like how the UAE and Singapore have done in recent years.

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Workers at Tesla Inc. should not suffer because of Elon Musk’s controversial involvement in politics, Daniel Keller, the economy minister for Brandenburg, said in an interview.

Brandenburg is home to Tesla’s only European factory. Bloomberg reported that Keller warned against letting the company’s 11,000 staff pay for the chief executive’s personal views.

The plant in Grünheide, Brandenburg, makes the Model Y for more than three dozen markets, most of them in Europe. It employs about 11,000 people, many of whom live locally. Yet Tesla’s sales in Europe have dropped sharply since Musk began advising the Trump administration and publicly backed far-right parties, including the Alternative for Germany (AfD) during the country’s election campaign.

“I can only urge people to distinguish between a very good product manufactured in Germany by 11,000 people, most of whom come from the region and work there and the political views of one of the shareholders of this factory,” Keller said, drawing a clear line between the plant’s workforce and its owner’s politics.

Musk’s actions on the day of U.S. President Donald Trump’s inauguration in January drew criticism even among Keller’s colleagues in nearby Berlin. Earlier this year, activists sabotaged a rail line near the Grünheide site and sprayed a Tesla showroom in Berlin blue, the AfD’s color.

Backlash against Tesla puts German authorities in a difficult spot

Across Europe, Teslas have been set on fire in Germany, France, and Italy in apparent protest.

Local officials had welcomed Tesla with open arms, hoping the factory would help revive Brandenburg’s economy. The state is one of several in eastern Germany coping with falling population numbers and a scarcity of well-paid jobs. In the small town of Grünheide, the plant has become Brandenburg’s largest employer, but the slump in Tesla’s European sales is stoking fears that its workers could pay the price for Musk’s divisive moves.

Company leaders, including Musk, now insist that operations are running smoothly. After a slowdown earlier this year for retooling the new-look Model Y, the Grünheide factory is back to its full pace of about 5,000 vehicles a week, said Alexander Riederer, who oversees business development for Tesla in Germany. He added that the company plans to double production and boost its logistics and battery-making capacity.

“What we’re doing right now is making preparations to be able to grow further at the plant,” Riederer said at an industry event in the German resort town of Bad Saarow.

Environmental activists argue it uses too much water and poses risks to local ecosystems. Earlier this year, some Tesla employees in Germany demanded better working conditions, citing heavy workloads and calling for more restroom breaks. Activists say their efforts to disrupt rail lines and other infrastructure are meant to halt the plant’s expansion.

Tesla opened in Brandenburg at a time when established German carmakers like Volkswagen AG and BMW AG were already feeling the pressure from new rivals and rapid shifts in technology. Volkswagen and parts supplier Continental AG have both cut back operations in Germany to save money and protect sales against cheaper imports from Chinese brands.

“The entire automotive industry in Germany is currently undergoing a restructuring,” Keller said on the sidelines of the Bad Saarow event. “I think we can be grateful that we have one of the industry leaders that is not stuck with old technology.”

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