Tag: FATF compliance Pakistan

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.

Pakistan Targets June 2026 for Digital Currency Pilot Completion, Backed by New Virtual Asset Authority

Pakistan aims to complete its central bank digital currency pilot by June 2026, supported by the newly formed Pakistan Virtual Assets Regulatory Authority. This development marks a significant step in formalizing the virtual economy and enhancing tax net compliance through regulated crypto transactions.