The State Bank of Pakistan (SBP) has permitted banks and financial institutions to open accounts for licensed virtual asset service providers (VASPs), marking a significant shift in the country’s approach to digital assets and crypto currencies. Read More: Pakistan loses $600m to illegal crypto trades The move follows the enactment of the Virtual Assets Act, 2026, under […]
PVARA
Dollar shortages push crypto demand higher
As dollar shortages persist in Pakistan’s open market, demand for digital dollar alternatives has accelerated, pushing many users towards crypto rails even as formal regulation remains a work in progress. While the Pakistan Virtual Assets Regulatory Authority (PVARA) continues deliberations on detailed rules, market activity has surged outside the regulatory perimeter, often facilitated by illegal […]
SBP steps up engagement on digital assets with PVARA
Pakistan’s push to regulate and adopt digital assets gained momentum on Thursday as the State Bank of Pakistan (SBP) held a meeting with the chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA). The engagement marked another step towards shaping a formal virtual assets framework in the country. Read More: Virtual-assets watchdog weighs withdrawing SBP’s crypto ban […]
Pakistan reconsiders its crypto direction
After a brief crypto upswing earlier this year, Pakistan has found itself reassessing its digital asset ambitions as questions emerge over leadership roles, regulatory clarity and the true structure of its crypto governance framework. The momentum that began with the formation of a National Crypto Council and the appointment of Bilal Bin Saqib has now […]
Crypto in focus as Binance meets Pakistan’s PM and COAS
Islamabad: Pakistan’s government signaled strong commitment to digital asset regulation during a high-level meeting with Binance executives. Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir attended the meeting, emphasizing the country’s focus on secure digital finance. The discussion included key steps to regulate virtual assets while promoting innovation and protecting Pakistani users. Binance’s […]
Securing Pakistan’s crypto future: how exchanges can build trust amid uncertainty
As Pakistan makes a name for itself in the world of digital finance, the use of cryptocurrencies is growing faster than regulations can keep up. According to Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), the country is one of the top ten in the world for using cryptocurrency, and more than 15 […]