Tag: blockchain regulation Pakistan

Sindh High Court Chief Justice Muhammad Junaid Ghaffar has stressed the need for amendments in Pakistan’s laws to effectively handle cases related to virtual assets and cryptocurrencies. Highlighting regulatory gaps, the chief justice noted that without legislative clarity and a final decision from the State Bank on the crypto ban, courts face hurdles in addressing disputes involving digital assets.

Pakistan is moving rapidly toward legalizing cryptocurrency, with a draft regulatory framework under review and fast-tracked for approval. The proposed legislation aims to align with global standards and position Pakistan as a forward-looking participant in the digital asset economy.

The Pakistani government is drafting a cryptocurrency regulatory framework aligned with FATF guidelines, focusing on transparency, seized digital assets, and a public-private mining initiative, according to the PM's aide on blockchain and crypto.