Pakistan Introduces Virtual Assets Bill 2025 to Regulate Cryptocurrencies

Pakistan has introduced the Virtual Assets Bill 2025 to establish a regulatory framework for cryptocurrencies and blockchain technologies. Spearheaded by Senator Dr. Afnan Ullah Khan, the bill aims to create a Digital Rupee pegged to the Pakistani Rupee, regulated by the central bank.

Key highlights include:

Virtual Asset Zones: Designated areas for cryptocurrency trading, backed by strict anti-money laundering (AML) and counterterrorism financing (CTF) rules.

National Virtual Assets Regulatory Commission: A body to oversee registration, licensing, compliance, and audits for virtual asset activities.

Economic Incentives: Tax exemptions for blockchain investors and Virtual Asset Zones utilizing surplus renewable energy, with tax breaks for five years.

Revenue Allocation: One-third of revenue from virtual assets will fund local infrastructure and blockchain education.

The bill promotes transparency, investor protection, and economic growth while paving the way for Pakistan’s own digital currency.