Lahore: Pakistan is taking decisive steps to regulate its rapidly growing digital asset ecosystem, as policymakers and industry experts convened at the Leadership Summit on Blockchain and Digital Assets hosted by the LUMS Centre for Digital Assets Research (CeDAR). The summit highlighted the urgent need for regulatory intervention, with officials revealing that nearly 40 million […]
The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued an advisory stating that any virtual asset pilot, partnership, or implementation involving users in Pakistan must obtain prior authorization before launch, according to a press release. The advisory follows recent public announcements by financial institutions regarding memoranda of understanding, pilot projects, and partnerships involving virtual assets, […]
ISLAMABAD: Askari Bank hosted Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) and Minister of State Bilal Bin Saqib at its Head Office for a strategic dialogue with the Bank’s President and CEO, Zia Ijaz. The meeting marked an important step toward strengthening collaboration between the banking sector and Pakistan’s virtual assets ecosystem. Banking infrastructure for […]
Pakistan’s lower house of parliament approved legislation to regulate digital assets, paving the way for the creation of a dedicated watchdog to oversee the country’s virtual currency market. The National Assembly passed the “Virtual Assets Bill, 2026,” after the Senate cleared the legislation on February 27. The bill will now be sent to President Asif […]
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 […]