🇵🇰 Pakistan opens its doors to global crypto companies

Pakistan has launched a licensing system for international crypto firms, coordinated by a new regulator — PVARA (Pakistan Virtual Assets Regulatory Authority). This is part of the country's strategy to become a regional hub for digital finance.

🔹 Who can obtain a license:

Only companies with existing SEC (USA), FCA (UK), or MAS (Singapore) permits.

Applications must detail the services, technological standards, and specifics of operations in the Pakistani market.

🤝 International alliances:

🇸🇻 Pakistan has signed a memorandum with El Salvador for cooperation in the field of bitcoin.

💬 Michael Saylor (Strategy, ex-MicroStrategy) offered assistance with integrating BTC into Pakistan's national reserves.

⚖️ Balance of risks and opportunities:

The IMF warns against allocating excess energy for mining due to risks for the energy market.

At the same time, the country aims to utilize blockchain for remittances, financial inclusion, and sharia fintech.

#Pakistan #pakistanicrypto #SEC #FCA #MAS $WLFI $SUI $APT

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