Here’s a concise update for your post on whether Pakistan's government is expected to lift the crypto ban:
🏛️ Will Pakistan Lift the Crypto Ban?
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As of mid‑July 2025, cryptocurrency trading and holding remain illegal in Pakistan under current regulations, according to the State Bank of Pakistan (SBP) and Finance Ministry . The SBP's original 2018 advisory instructed regulated financial institutions to avoid dealing in virtual assets—but was a precaution, not a formal ban. Still, crypto activities involving banks or DFIs are flagged for investigation by law enforcement agencies .
However, a major policy shift is underway. In March 2025, the government formed the Pakistan Crypto Council (PCC), led by Finance Minister Muhammad Aurangzeb with Bilal Bin Saqib as CEO, to design a regulatory and legal framework for digital assets .
By early June, the PCC had begun reviewing draft regulations, licensing structures, and investor protections in collaboration with the SBP and the Securities and Exchange Commission of Pakistan (SECP) .
On July 8, 2025, the government enacted the Virtual Assets Ordinance, 2025, establishing the Pakistan Virtual Assets Regulatory Authority (PVARA)—a federal body to license and supervise virtual asset service providers, enforce compliance, and promote innovation while aligning with global standards .
✅ Verdict: Crackdown or Welcome?
Currently: The ban remains in force—cryptocurrency trading is not legal yet in Pakistan .
Soon: With PVARA now established and draft legislation in place, the door is open for legalization and formal regulation. A full legal regime is expected once Parliament greenlights the provisions set out in the ordinance.