Tag: Pakistan Virtual Assets Regulatory Authority

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 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 has strengthened its global standing by advancing crypto diplomacy, establishing the Virtual Assets Regulatory Authority, and creating a strategic Bitcoin reserve. Minister of State for Crypto and Blockchain Bilal Bin Saqib emphasized that Pakistan’s evolving crypto policy is designed to unlock international opportunities and secure the nation’s economic future.

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.

Pakistan and El Salvador sign a Letter of Intent to collaborate on Bitcoin and digital assets, marking a significant step in crypto diplomacy as Pakistan eyes its own Bitcoin reserve and formalizes its digital asset strategy.

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.