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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
Dec 02, 2025
Dec 02, 2025
Proposal includes strict compliance requirements under anti-money laundering and counter-terror financing rules as per FATF guidelines
The move aims to bring greater legitimacy and oversight to virtual asset transactions, which have until now operated in a legal gray area
The new law sets up PVARA to license, regulate, and supervise all virtual asset service providers in Pakistan
New law establishes independent regulatory authority, licensing regime, and Shariah compliance framework for virtual asset services
