Tag: Virtual Assets Act 2025

The State Bank of Pakistan has partnered with Japanese blockchain developer Soramitsu to launch a central bank digital currency pilot, following the enactment of the Virtual Assets Act 2025 and the creation of a new regulatory framework for virtual assets.

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.

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.

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 has enacted its first comprehensive cryptocurrency law, creating the Pakistan Virtual Asset Regulatory Authority to license and oversee digital assets. This landmark step sets a clear framework for crypto finance, innovation, and Shariah-compliant digital services.