Tag: Pakistan Crypto Council

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 moves from informal cryptocurrency adoption toward structured governance by establishing advisory bodies like the Pakistan Crypto Council and a dedicated regulatory authority, aiming to formalize digital assets through licensing, compliance, and institutional oversight while balancing innovation, investor protection, and financial stability.

Finance Minister Muhammad Aurangzeb says Pakistan is at a critical early stage of shaping its digital asset ecosystem as talks with U.S.-based Icoin Technology focus on regulation, innovation, and financial inclusion.

Pakistan is steadily progressing toward the development of a structured and regulated digital asset ecosystem as it engages with...

Binance and Fauji Foundation have signed a Letter of Intent to explore blockchain, cryptocurrency, digital payments and Web3 collaboration in Pakistan, focusing on infrastructure development and youth education.

Bilal Bin Saqib, CEO of Pakistan Crypto Council, has resigned as special assistant to the Prime Minister on blockchain and cryptocurrency but continues as chairman of the Pakistan Virtual Assets Regulatory Authority.

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.

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.

Pakistan is advancing its crypto diplomacy through the establishment of PVARA, strategic Bitcoin reserves, and international collaborations, positioning the country as a forward-looking participant in the global digital economy while aligning domestic regulations with international standards.

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 and Kyrgyzstan have agreed to boost cooperation in cryptocurrency, blockchain, and digital finance through joint regulation, innovation sharing, and a proposed MoU, marking a major step toward building a secure and transparent digital economy in the region.

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.