#vasplicense
vasplicense
661 views
3 Discussing
Hot
Latest
🇵🇰 **Big News for Pakistan's Crypto Industry!**
Pakistan has officially taken a major step toward crypto adoption.
✅ The **State Bank of Pakistan (SBP)** has allowed banks to provide banking services to **licensed Virtual Asset Service Providers (VASPs)**, ending restrictions that had been in place since 2018.
Key highlights:
🔹 Only **PVARA-licensed** crypto companies can access banking services.
🔹 Banks can open dedicated PKR client accounts for licensed VASPs.
🔹 Banks **cannot** trade or hold crypto—they can only provide banking infrastructure.
🔹 Strict KYC, AML, and transaction monitoring requirements will apply.
This move follows the **Virtual Assets Act 2026** and marks another important milestone in Pakistan's journey toward a regulated crypto ecosystem.
🚀 A positive signal for the future of blockchain and digital assets in Pakistan.
#Pakistan #Crypto #Bitcoin #Binance #BinanceSquare #Blockchain #Web3 #VASPLicense #PVARA #SBP #CryptoNews #DigitalAssets
Pakistan has officially taken a major step toward crypto adoption.
✅ The **State Bank of Pakistan (SBP)** has allowed banks to provide banking services to **licensed Virtual Asset Service Providers (VASPs)**, ending restrictions that had been in place since 2018.
Key highlights:
🔹 Only **PVARA-licensed** crypto companies can access banking services.
🔹 Banks can open dedicated PKR client accounts for licensed VASPs.
🔹 Banks **cannot** trade or hold crypto—they can only provide banking infrastructure.
🔹 Strict KYC, AML, and transaction monitoring requirements will apply.
This move follows the **Virtual Assets Act 2026** and marks another important milestone in Pakistan's journey toward a regulated crypto ecosystem.
🚀 A positive signal for the future of blockchain and digital assets in Pakistan.
#Pakistan #Crypto #Bitcoin #Binance #BinanceSquare #Blockchain #Web3 #VASPLicense #PVARA #SBP #CryptoNews #DigitalAssets
Log in to explore more content