Tag: Pakistan digital currency

Pakistan has officially launched a national digital currency trial, marking a major step towards digital payments, financial inclusion, and modernization of the financial system under the State Bank of Pakistan’s oversight.

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 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.

The State Bank of Pakistan is preparing to launch a pilot for its central bank digital currency, while finalizing legislation to regulate virtual assets. This move signals Pakistan’s commitment to digital finance under a robust regulatory framework.