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'Illicit financing' key concern as Pakistan drafts new virtual assets law
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'Illicit financing' key concern as Pakistan drafts new virtual assets law

Proposal includes strict compliance requirements under anti-money laundering and counter-terror financing rules as per FATF guidelines

Pakistan enacts virtual assets act, launches new regulatory authority
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Pakistan enacts virtual assets act, launches new regulatory authority

The new law sets up PVARA to license, regulate, and supervise all virtual asset service providers in Pakistan

Various cryptocurrency coins, including Bitcoin and Ethereum, displayed closely together.
Business

Pakistan approves virtual assets regulator to oversee crypto and blockchain sector

New crypto regulator PVARA to license and monitor virtual asset services under FATF and global standards

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