Tag: fintech regulation

The Pakistan Fintech Network organizes a high-level industry session with NADRA to address biometric verification challenges and digital infrastructure for the NBFC sector.

Pakistan has launched a licensing framework for cryptocurrency exchanges through the Virtual Assets Regulatory Authority, inviting global service providers to operate under strict KYC and compliance standards.

Finance Minister Muhammad Aurangzeb has warned that Pakistan risks slipping back into the FATF grey list due to unregulated digital transactions. He stressed the need for a regulatory framework while urging faster adoption of blockchain, cryptocurrency, AI, and Web 3.0 to strengthen Pakistan’s digital economy.

Banks in Pakistan are requesting the government to defer newly imposed tax deductions on e-commerce payment gateways and merchants, citing the lack of readiness in automated tax collection mechanisms and technical infrastructure.

Pakistan has formally approved the Virtual Assets Act 2025, paving the way for comprehensive regulation of cryptocurrencies and digital assets under a new independent authority, PVARA, to ensure transparency, compliance, and innovation.

Pakistan’s Federal Cabinet has approved the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA), paving the way for a formal framework to regulate cryptocurrencies, blockchain, and virtual assets. The move supports Pakistan’s push to become a digital finance hub.

The Pakistan Crypto Council reviews the latest draft of the country’s digital assets regulatory framework, marking key progress toward formalizing governance, licensing, and investor protections for cryptocurrencies and virtual assets. This move positions Pakistan to embrace innovation while ensuring compliance with global standards.

The State Bank of Pakistan has launched its much-anticipated regulatory sandbox, enabling startups to experiment with financial innovations under relaxed oversight. This move follows SECP's earlier efforts and highlights a more structured push toward digital transformation in Pakistan’s financial sector.

Pakistan Fintech Network (PFN) recently partnered with the State Bank of Pakistan (SBP) in a key dialogue session outlining the central bank’s Regulatory Sandbox Framework. The initiative aims to encourage safe fintech experimentation, regulatory modernization, and enhanced financial inclusion across Pakistan.