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Pakistan approves Virtual Assets Act to regulate crypto
New law establishes independent regulatory authority, licensing regime, and Shariah compliance framework for virtual asset services
Jul 09, 2025
Jul 09, 2025
New law establishes independent regulatory authority, licensing regime, and Shariah compliance framework for virtual asset services
New crypto regulator PVARA to license and monitor virtual asset services under FATF and global standards
In addition to the UAE, it removed Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal and Uganda
Regulatory bodies directed to deny approvals unless builders meet AML/CFT requirements
The source says India would not miss any opportunity 'in opposing Pakistan and the next one is funding by World Bank, and we will raise our protest there too'
New regulatory body aims to attract global investment, formalize $25 billion crypto economy