A major controversy has emerged in Pakistan’s Senate cabinet committee as no government ministry has stepped forward to take ownership of the proposed Virtual Assets Ordinance, aimed at regulating cryptocurrency and digital assets. The bill seeks to address the sector’s long-standing legal vacuum. Under the draft ordinance, all cryptocurrency exchanges and virtual asset service providers […]
investor protection
SECP releases concept paper to regulate algorithmic trading in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has unveiled a new Concept Paper titled “Regulating Algorithmic Trading in Pakistan”, marking a significant step towards fostering innovation in financial markets while ensuring investor protection and market integrity. This initiative comes as algorithmic trading gains global prominence for its ability to increase speed and efficiency in […]