Tag: digital assets Pakistan

Pakistan introduce the Virtual Assets Act 2026, granting legal authority to PVARA to license and regulate crypto exchanges and digital asset platforms while strengthening oversight of the country’s digital asset market.

Pakistan is exploring the tokenization of up to $2 billion in domestic debt, signaling a move toward blockchain-based sovereign financing and wider retail investor participation.

Mari Technologies and global digital asset exchange HTX have signed a Letter of Intent to explore collaboration in blockchain, cryptocurrency, payments, and Web3 technologies, supporting Pakistan’s digital economy and financial inclusion goals.

Pakistan’s proactive crypto regulations, tokenization initiatives, and tech-savvy population position the country to become a global leader in digital assets by 2030, attracting international investment and innovation.

Crescent Star Insurance Limited has announced plans to expand into digital and virtual assets through a proposed joint venture, marking a strategic shift by the Pakistani insurer toward technology-driven diversification beyond traditional insurance services.

Pakistan’s Virtual Assets Regulatory Authority has issued NOCs to Binance and HTX, allowing regulated engagement as part of a phased, AI-enabled framework to strengthen compliance, AML controls, and responsible crypto innovation.

Pakistan’s booming grassroots crypto activity, paired with weak regulatory oversight, is raising alarms over unchecked financial flows, potential FATF scrutiny, and the urgent need for comprehensive virtual asset regulations.

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.

The Pakistan Virtual Assets Regulatory Authority held its first board meeting, where it discussed lifting the State Bank of Pakistan’s 2018 ban on crypto transactions. The authority also approved a complaint portal, licensing framework, and regulatory roadmap to align Pakistan with global practices in blockchain and virtual assets.

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has begun deliberations on lifting the State Bank of Pakistan’s 2018 ban on cryptocurrencies. The authority’s first board meeting also set out a roadmap for licensing, regulation, AI-driven risk management, and global integration of Pakistan’s virtual asset ecosystem.

The State Bank of Pakistan and Japan’s Soramitsu will launch a pilot of a digital Pakistani rupee this year, aiming to enhance financial inclusion and reduce cash dependency with offline CBDC capabilities.

Pakistan initiates comprehensive cryptocurrency regulations, forming a national crypto council and launching a new regulatory authority to integrate blockchain technology and digital assets into banking, trade, and remittance systems.