The new platform, formed with Asia Web3 Alliance Japan, aims to combat digital asset fraud, improve cybersecurity awareness and support Pakistan’s blockchain industry.
The Virtual Asset Alliance of Pakistan (VAAP) has been launched to protect investors in cryptocurrency and digital assets, raise cybersecurity awareness and represent the country’s industry at the global level.
The Alliance has been established in collaboration with Asia Web3 Alliance Japan. Its representatives announced the initiative during a press conference at the National Press Club in Islamabad.
Speaking at the event, Alliance representative Syed Ehtesham Hamdani, along with industry leaders Mubashir Irfan, Muhammad Ismail, Zain-ul-Abideen, Hamza Kiani and Shafiq-ul-Hassan, said the platform would provide a joint forum for individuals and companies working in the digital asset sector.
One of its main objectives is to protect investors from financial fraud, cyberattacks and fake cryptocurrency exchanges. The Alliance also plans to improve public awareness of digital asset security and help investors understand the risks associated with the sector.
Hamdani highlighted the lack of reliable data on the number of cryptocurrency investors in Pakistan and the volume of their investments as a major challenge. He said awareness initiatives and data compilation would be necessary to address this gap and support the industry’s development.
He clarified that VAAP would not serve as an alternative to any government institution or regulatory authority. Instead, it would act as a bridge between the public and relevant authorities.
The platform plans to guide investors on filing complaints, provide legal assistance and help protect digital accounts. It will also support businesses seeking registration and licensing guidance.
The speakers said the Alliance would work to create business opportunities for young people in blockchain technology and digital assets. Planned activities include awareness programmes at universities to help students understand emerging technologies and career opportunities.
The representatives invited blockchain companies, startups, investors and other industry stakeholders to join the platform.
They said Pakistan could strengthen its position in the global digital economy through an effective strategy, improved cybersecurity awareness and stronger investor protection.