Tag: Pakistan Virtual Assets Regulatory Authority

Pakistan has activated its virtual asset licensing regime, requiring existing service providers to submit NOC applications by September 5, 2026.

PVARA reviews progress on its regulatory framework and advances HR and licensing regulations for virtual asset service providers in Pakistan.

PVARA Chairman Bilal bin Saqib engages Jamia Darul Uloom to distinguish between speculative cryptocurrencies and asset-backed digital tokens following a recent fatwa.

Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib held talks with Mufti Taqi Usmani on the Shariah status of cryptocurrency after a recent fatwa declared crypto purchases impermissible.

The Ministry of Finance and Pakistan Virtual Assets Regulatory Authority hold high level talks on utilizing blockchain infrastructure to tokenize sovereign debt instruments and expand global investor access.

Pakistan Virtual Assets Regulatory Authority mandates prior authorization for all virtual asset services including stablecoin pilots and cross border remittance partnerships.

Pakistan’s National Assembly approves the Virtual Assets Bill 2026, establishing a regulatory authority to oversee digital currencies, virtual asset services, and compliance with international financial standards.

PVARA launches a regulatory sandbox for virtual assets, providing a controlled environment for testing tokenisation, stablecoins, remittances, and Web3 solutions under regulatory oversight.

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.