Pakistan has taken a major step toward regulating digital finance after the Standing Committee on the Cabinet Secretariat of the Senate on Wednesday unanimously approved the Virtual Assets Bill 2025 to bring virtual assets within the country’s formal legal and regulatory framework. The move seeks to strengthen investor protection, enhance transparency, and ensure effective oversight […]
KARACHI: The Pakistan Virtual Assets Regulatory Authority (PVARA) on Friday announced approval and launch of a regulatory sandbox for virtual assets. The announcement, shared on the authority’s social media platforms said PVARA “has formally approved and launched its regulatory sandbox for virtual assets.” It adds that the “sandbox creates a live, supervised environment for testing […]
Islamabad: Pakistan has taken another step toward strengthening its digital finance ecosystem as the Ministry of Finance signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to collaborate on emerging digital payment architectures, including the potential use of the firm’s USD1 stablecoin for cross-border transactions. The […]
Islamabad: The Pakistan Virtual Assets Regulatory Authority (PVARA) held a high-level meeting with a senior delegation from the United Arab Emirates at the Prime Minister’s Office to advance Pakistan’s national agenda on real-world asset (RWA) tokenisation. The meeting was chaired by Bilal Bin Saqib, Chairman of PVARA, and attended by senior officials of the Authority. […]
Islamabad: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday held discussions on key developments related to digital assets, including adoption frameworks, Central Bank Digital Currency (CBDC) implementation, and Pakistan’s broader regulatory roadmap for the digital asset ecosystem. In a statement shared on […]
Islamabad: In a move aimed at leveraging emerging financial technologies to strengthen Pakistan’s capital markets and expand global investor access, the Ministry of Finance, Government of Pakistan, has signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world’s leading blockchain and digital asset technology companies. The MoU was signed at […]
The Securities and Exchange Commission of Pakistan (SECP) has issued requirements for undertaking Digital Asset Management Services (DAMS) by Digital Asset Management Companies (Digital AMCs). The SECP has issued S.R.O. 1438(I)/2025 to amend the Non-Banking Finance Companies and Notified Entities Regulations, 2008. According to the regulations, a “Digital Platform” means a tool, application, software, or […]
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has welcomed successful negotiations with the US Administration leading to a tariff deal. He expressed these sentiments during a meeting Robert Kaproth, Assistant US Treasury Secretary for International Finance and Counselor Jonathan Greenstein here in Washington DC, where he has arrived to attend the annual […]
Minister of State for Crypto and Blockchain meets White House advisor to discuss collaboration on digital assets and technology innovation. Minister of State for Crypto and Blockchain, Bilal bin Saqib, met with President Trump’s crypto advisor, Patrick Witt, at the White House to explore ways to strengthen cooperation between Pakistan and the United States in […]
ISLAMABAD – The Pakistan Virtual Asset Regulatory Authority (PVARA) has invited expressions of interest (EoI) from leading global exchanges and virtual asset service providers (VASPs) to participate in Pakistan’s digital economy, according to a statement issued by the Finance Division on Saturday. The announcement follows PVARA’s inaugural board meeting last month, where it discussed lifting […]