🔊 Pakistan's Big Crypto Leap: New Regulator & Bitcoin Reserve!
Pakistan has officially launched the Pakistan Virtual Assets Regulatory Authority (PVARA), a landmark move set to reshape its digital asset landscape. This new independent body will license, monitor, and regulate Virtual Asset Service Providers (VASPs), ensuring compliance with international anti-money laundering (AML) standards and fostering a secure environment for users.
PVARA aims to transform Pakistan's estimated $300 billion informal crypto market into a regulated digital finance economy. Beyond oversight, Pakistan is making strategic moves: it plans to establish a "Strategic Bitcoin Reserve" and has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. This bold vision positions Pakistan as a significant player, attracting investment and driving innovation in the global digital assets space.