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Pakistan Launches Crypto Alliance to Shield InvestorsPakistan
The Virtual Assets Alliance of Pakistan was launched in Islamabad to protect crypto investors and raise cybersecurity awareness in the digital-assets market.
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A new industry body, the Virtual Assets Alliance of Pakistan, was formally launched in Islamabad on Tuesday with a promise to protect cryptocurrency investors, raise awareness about online safety and push for a more transparent digital-assets market.
The launch was announced at a press conference at the National Press Club in Islamabad, where organisers said the alliance would bring cryptocurrency users, businesses and industry experts together on a single platform. Hunza Asif, founder of the Asia Web3 Alliance Japan, has been appointed as the alliance’s first chairperson, while HTX Country Manager Syed Ehtisham Hamdani will serve as senior vice chairman.
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What the alliance plans to do
Speaking at the launch, Hamdani said the alliance would work to build reliable data on Pakistan’s cryptocurrency market through independent research and cooperation with local institutions. He said the aim was to strengthen cybersecurity education, encourage responsible market practices and support informed discussion on policy for digital assets.
According to the alliance, the platform is meant to serve exchanges, investors, blockchain companies and other ecosystem partners, giving them a shared forum to raise concerns and coordinate on standards. Organisers said such coordination was needed because the market had grown quickly while reliable information about it remained scarce.
Hamdani said Pakistan ranked third globally in cryptocurrency adoption, though he cautioned that estimates suggesting around two crore crypto users in the country remained unverified because no independently confirmed data was available. The alliance plans to address that gap by collecting trustworthy figures on the size and shape of the market.
An industry body, not a regulator
The alliance made clear that it holds no regulatory authority and has not received government endorsement. Its focus, the organisers said, is on bringing the industry together, promoting international best practices and helping users and businesses follow responsible standards.
The launch comes as Pakistan builds a formal framework for digital assets. The government created the Pakistan Virtual Asset Regulatory Authority under the Virtual Assets Ordinance 2025 to license and supervise virtual asset service providers. The new alliance is separate from that regulator and is intended to represent the industry itself rather than police it.
Organisers said the platform would give exchanges, investors, blockchain companies and other participants a collective voice, and help the country’s fast-growing digital-assets sector develop in an organised and secure way.
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