Sources told proposteani, the federal cabinet has taken an important step with the inclusion of a new state opening enterprise (SOE), which is a strategic digital wallet company, aimed at managing and protecting public -owned virtual assets.
The company follows the Virtual Asset Ordinance, 2025 announcement, which provides a comprehensive legal framework for virtual assets and virtual assets providers (VASPS) in Pakistan.
This ordinance marks as an important milestone in the journey of Pakistan’s blockchain -based financial technology, while ensuring compliance, transparency and national security.
The Strategic Digital Wall Company is being established as a non -profit company under Section 42 of the Companies, 2017, and will be registered with the Securities and Exchange Commission of Pakistan (SECP). The move was headed by the Pakistan Crypto Council, which, according to the new regulatory government, a safe, government formed a safe, government to operate cryptocurrency purse, according to the new regulatory government.
The federal cabinet has already approved its formal approval for the establishment of the SOE, demonstrating the government’s commitment to adopt virtual assets structural and securely.
To meet the terms set by the SECP, which includes the appointment of at least three initial directors/consumers, the government has nominated Joint Secretary Finance Division, Tamur Hassan. Humra Azam Khan, Joint Secretary, Cabinet Division; And as the founding members of the Board of Directors of the Company, the Joint Secretary of the Law and Justice Division, Aamir Mohammad Khan Niazi.
In addition, Ahmed Timur Hassan has been appointed as the Chief Executive Officer (CEO) of the company on the basis of additional charge, which is pending for the appointment of a Regulatory CEO by the Board under the provisions of the Government Operations (Governance and Operations) Act, 2023.
It is expected that the Strategic Digital Purse is expected to serve as the basic infrastructure for the management of Pakistan’s digital assets, enabling future use issues such as Tokinsped Government Bonds, autonomous digital currencies, and in a regular environment.
The move is widely seen as a progressive step in giving Pakistan a position in future -thinking countries that are accepting the digital economy while reducing the risk of unorganized crypto activity.