Tag: central bank digital currency Pakistan

Pakistan’s SBP Ties Digital Assets to Forex Rules Amid $21 Billion Crypto Investments Debate

The State Bank of Pakistan has linked digital assets to the Foreign Exchange Regulation Act, capping outbound transfers at $100,000 annually. The Senate Finance Committee is debating the PVARA Bill as concerns mount over $21 billion invested by Pakistanis in crypto markets.

Pakistan to License Banks and Exchange Firms Under New Virtual Asset Law, Paving Way for Regulated Crypto Ecosystem

Pakistan has initiated the implementation of its Virtual Assets Act 2025, enabling banks and exchange companies to obtain licenses for operating in the crypto space. The move establishes PVARA to regulate the sector and align with FATF standards.