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).