Minister of State and Chairman of Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, has called on the UN Member States to move collectively from discussing digital assets to building the regulatory and institutional frameworks needed to govern the next generation of global finance.
He was delivering the keynote address virtually at the United Nations Headquarters during the session on Digital Assets and Blockchain for Sustainable Development: Advancing Digital Finance through Innovation.
The Minister of State said digital assets, tokenization and distributed ledger technologies present emerging economies with an opportunity to rethink financial infrastructure around inclusion, efficiency and access.
He said digital identity and verifiable financial histories could help small businesses, farmers and women entrepreneurs demonstrate economic activity without relying exclusively on traditional collateral or documentation.