Pakistan Approves Licensing of Banks and Exchange Firms for Crypto Operations Under New Virtual Assets Law
The Government of Pakistan has begun rolling out its Virtual Assets Act 2025, establishing a regulatory authority to license banks and exchange companies for crypto-related operations while also progressing toward a central bank digital currency pilot.
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).
SBP to Pilot Digital Currency, Advances Virtual Asset Regulations Amid Push to Modernize Financial Ecosystem
Pakistan’s central bank is preparing to launch a pilot for a digital currency and is finalizing laws to regulate virtual assets, signaling a strong shift toward modernizing its financial ecosystem and embracing blockchain-powered innovations.
Pakistan Accelerates Towards Regulated Digital Asset Landscape
Pakistan’s Finance Division, in collaboration with the Pakistan Crypto Council and key regulatory bodies, is fast-tracking the development of a comprehensive legal framework for digital and virtual assets. This initiative aims to establish clear governance, licensing protocols, and robust investor protections, aligning the nation with international best practices in the burgeoning digital economy.