Pakistan Officially Establishes Crypto Regulator – #PVARA
Pakistan has taken a significant step towards regulating its burgeoning crypto market. On July 8th, the Pakistani government officially approved the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA). This independent body will be responsible for licensing and overseeing crypto services within the country.
PVARA's mandate includes ensuring compliance with FATF standards, combating money laundering, and mitigating cyber risks associated with virtual assets.
This move builds upon the foundation laid by the Pakistan Crypto Council (PCC), established in March 2025, which has been focused on blockchain technology, tokenized assets, and even a strategic $BTC reserve.
Pakistan already boasts a substantial crypto user base of over 40 million individuals, with an estimated $300 billion in annual trading volume flowing through informal channels. To further harness the potential of the digital economy, the government has allocated 2,000 MW of surplus electricity specifically for crypto mining and data centers, aiming to transform its energy surplus into digital economic growth.
