Pakistan has prepared a comprehensive draft of Virtual Asset Service Provider regulations to curb the misuse of digital assets for illegal activities, including money laundering and terrorism financing. The move comes as part of efforts to meet FATF requirements and strengthen oversight of the growing virtual asset sector. Officials believe these rules will improve transparency […]
FATF compliance
Pakistan drafts strict rules to curb illegal virtual asset use
ISLAMABAD – Pakistan has prepared an initial draft of Virtual Asset Service Provider (VASP) regulations aimed at preventing illegal use of virtual assets, including money laundering, terrorism financing, and corruption. The move is part of the country’s compliance with Financial Action Task Force (FATF) requirements. Read More: Govt moves to extend virtual assets ordinance amid push […]