Pakistan launches crypto licensing, sets Sept. 5 deadline
April's banking shift gives compliant crypto firms a route into Pakistan's formal financial system, while banks remain barred from direct crypto activity.
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April's banking shift gives compliant crypto firms a route into Pakistan's formal financial system, while banks remain barred from direct crypto activity.
Pakistan's PVARA opens its licensing portal, giving crypto firms a single window to enter formal supervision or halt covered services.
Islamabad is pitching the ask as a reward for brokering US-Iran diplomacy, while the rupee remains under pressure and IMF talks stall.
The new FIA cell formalises enforcement under the Virtual Assets Act that created PVARA, signalling Pakistan's push from framework-building to active pursuit of digital asset crime.
The PVARA chairman's push for parallel Sharia and technical vetting of stablecoins and RWA tokens arrives as Pakistan chases a sovereign stablecoin and tokenized state assets.
The clash between Pakistan's regulator and its top Islamic finance body leaves one of South Asia's largest unbanked populations caught between competing visions of compliant money.