PVARA Issues NOCs to Binance and HTX Under Phased Cryptocurrency Regulatory Framework
The Pakistan Virtual Assets Regulatory Authority (PVARA) clarifies that no-objection certificates granted to Binance and HTX are initial approvals under a phased, risk-managed framework aimed at regulating cryptocurrency while ensuring compliance with AML and transparency standards.
FBR Initiates Expert Consultations to Develop Cryptocurrency Legislation in Pakistan
The Federal Board of Revenue has begun consultations with experts to draft legislation for cryptocurrency in Pakistan, aiming to regulate digital assets, expand the tax base, and bring crypto transactions under a legal framework.
Pakistan Establishes Crypto Council to Regulate Digital Assets Under New Framework
The government of Pakistan has established the Pakistan Crypto Council to develop a regulatory framework for digital assets, aiming to bring cryptocurrency into the legal system, ensure transparency, and align with global standards while maintaining Islamic financial principles.
SBP Ties Future Interest Rate Cuts to IMF Review and Flood Impact Assessment
The State Bank of Pakistan (SBP) has indicated that future interest rate reductions will depend on the outcome of the IMF review and the economic repercussions of recent floods, as the central bank adopts a cautious stance despite stabilizing inflation trends.
SBP Ties Digital Assets to Forex Law as Pakistan Advances PVARA Bill for Virtual Assets
The State Bank of Pakistan has confirmed that restrictions under the Foreign Exchange Regulation Act will apply to digital asset transfers, as lawmakers debate the Pakistan Virtual Assets Regulatory Authority Bill to establish a formal framework for the country’s crypto and digital finance regime.