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.
Pakistan to License Banks and Exchange Companies Under New Crypto Regulatory Framework
Pakistan has initiated the rollout of its Virtual Assets Act 2025, announcing plans to license banks and exchange companies for cryptocurrency operations under the newly established Pakistan Virtual Asset Regulatory Authority (PVARA).