Pakistan Moves Toward Legalizing Virtual Assets as SBP Confirms Citizens Can Buy Digital Currencies
The State Bank of Pakistan has confirmed that citizens can now buy virtual assets, while a new regulatory framework and the Pakistan Virtual Assets Regulatory Authority (PVARA) are being developed to oversee the sector. The Senate is reviewing the Virtual Assets Bill 2025 amid debates over regulation and innovation.
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.