Cryptocurrency Regulation News in Pakistan - August 2025 Details 📢
🛡️ Formation of New Bodies
📍Pakistan Officially Launches:
🔹 PVARA - Pakistan Virtual Assets Regulatory Authority
🔹 PCC - Pakistan Cryptocurrency Council
These bodies will oversee licensing, compliance, and innovation in the digital assets space.
📣Finance Minister Orangezib Announces His Position
💬 "We have exited the gray list of the Financial Action Task Force after six tough years. We will not risk going back."
He warns that unregulated cryptocurrency flows could lead to international scrutiny, sanctions, and reputational damage.
📊 Why Now?
👥 More than 25 million Pakistanis - mostly youth - are engaging in digital businesses.
💸 Billions of dollars in informal cryptocurrency trading.
📈 Increasing adoption of blockchain technology, artificial intelligence, and Web 3.0.
🧠 Pakistan must accelerate its transition to the new economy.
📜 Highlights from the Regulatory Framework.
🧾 Approval of a decree to establish an independent regulatory body for financial transactions (PVARA) (valid for 4 months).
🏛️ Parliamentary committees to review permanent legislation.
🔐 Includes:
• Licensing system.
• Anti-money laundering/Know Your Customer protocols.
• Regulatory sandbox for innovation.
• Compliance rules aligned with the Financial Action Task Force.
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