❌ Officially Still Banned
As of August 2025, P2P (peer-to-peer) crypto trading in Pakistan has NOT been officially unbanned. The State Bank of Pakistan (SBP) and the Finance Ministry have both confirmed that the ban is still in place ⚠️.
🔍 Key Points:
Ban Status: Still active ⏸️ – No official approval or license for P2P crypto trading.
Reason: Pakistan is still developing a legal framework for virtual assets 🛠️.
Regulatory Steps:
Pakistan Crypto Council (PCC) formed in March 2025 to draft crypto regulations 🗂️.
Pakistan Virtual Assets Regulatory Authority (PVARA) established in July 2025 to oversee licensing and compliance 📜.
Digital Currency Pilot planned by SBP for future mainstream integration 💳.
Risk Level: Any current P2P activity is at your own risk ⚠️.
📌 Summary:
> “P2P trading is still paused in Pakistan, but the country is moving towards regulation and possible le
galization in the future.” 🚀