Bitcoin Hits New All-Time High, Surpasses $109,600

Bitcoin, the most popular digital currency in the world, has reached a new all-time high. During trading, the price of Bitcoin went above $109,600, breaking its previous record of $109,580 set on January 20.

In Pakistan, the value of one Bitcoin has now crossed 30.8 million rupees, showing just how quickly the digital currency market is growing.

Meanwhile, the Government of Pakistan has taken a big step toward managing the digital economy. The government has decided to create a new organization called the Pakistan Digital Assets Authority (PDAA).

The Ministry of Finance has officially approved this new authority. The PDAA will be responsible for watching over, regulating, and giving licenses to digital and virtual assets, such as cryptocurrencies.

This move is aimed at bringing Pakistan’s $25 billion informal crypto market under official rules. It will also help the government turn its assets and debts into digital tokens, a process known as tokenization.

Officials say this will support the growth of the digital economy in Pakistan and help the country compete with advanced digital markets like Singapore, the UAE, and Japan.

With Bitcoin rising and Pakistan creating strong rules for digital assets, the country is entering a new phase in the world of digital finance.