The government is preparing to bring Pakistan’s growing cryptocurrency market under a formal tax framework, with proposals under consideration to impose a capital gains tax ranging from 15 to 30 percent on crypto trading. The move is expected to become part of the upcoming federal budget and reflects broader efforts to regulate digital financial activities […]
virtual assets
SBP allows banks to open accounts for licensed crypto firms
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 […]
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 […]