Bilal Bin Saqib Outlines Pakistan’s Vision for AI and Tokenization Regulation
PVARA Chairman Bilal Bin Saqib says Pakistan is developing an AI and tokenization-focused regulatory framework, including plans for digital assets and blockchain-based financial products.
Nexus Fintech Forum Launches In Pakistan To Connect Fintechs, Banks And Investors
Nexus Fintech Forum launches in Pakistan as a global fintech platform connecting fintechs, banks, regulators, investors and academia through events, research and partnerships.
CBUAE Implements Strict Ban on Banking Services via WhatsApp and Messaging Apps
The Central Bank of the UAE has prohibited financial institutions from using instant messaging platforms like WhatsApp to protect customer data and prevent fraud.
NIBAF Pakistan Conducts Training on Evolving Crypto Regulatory Landscape
NIBAF Pakistan organized a 1-day online training on Pakistan’s new crypto regulatory landscape, led by Hassan Azwar of NACTA, guiding banking professionals on compliance, risks, and future regulatory directions.
Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
NIBAF Pakistan Hosts One-Day AML-360 Training Program for YAP Pakistan Officials
NIBAF Pakistan conducted a one-day AML-360 training program for YAP Pakistan officials in Lahore, enhancing their understanding of Anti-Money Laundering frameworks, compliance strategies, and fintech-specific risk management.
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 Agrees in Principle to Legalize Digital Currencies as Pakistan Moves Toward Regulatory Framework
The State Bank of Pakistan (SBP) has agreed in principle to legalize digital currencies, paving the way for a new regulatory framework under the proposed Virtual Assets Bill 2025.
Pakistan’s Virtual Asset Authority Reviews SBP Crypto Ban in Landmark First Meeting
Pakistan’s Virtual Assets Regulatory Authority held its first board meeting, signaling a potential reversal of the State Bank’s crypto ban. The authority aims to regulate virtual assets, promote innovation, and align with global AML/CFT standards.
FBR Tightens Digital Transaction Integration Rules for Sales Tax Registered Businesses
The Federal Board of Revenue (FBR) has tightened sales tax compliance rules, requiring all integrated businesses to offer debit/credit card, QR code, and other digital payment options, register all outlets with its system, and issue real-time e-invoices, with strict penalties for violations.