Pakistan Approves Landmark Law to Regulate Crypto and Digital Assets
Pakistan has taken a major step forward in crypto regulation by approving the Virtual Assets Ordinance, 2025, effective from July 8, 2025. This new law creates a clear legal framework for digital assets and their service providers in the country.
Key highlights include:
●Establishment of the Pakistan Virtual Asset Regulatory Authority (PVARA) to license and supervise crypto businesses, protect consumers, and enforce compliance.
●Introduction of penalties for operating without a PVARA license.
●Launch of a regulatory sandbox for testing blockchain and crypto innovations under a controlled environment with temporary operational flexibility.
●Formation of a Shariah Advisory Committee to ensure virtual asset products comply with Islamic principles.
●Creation of a Virtual Assets Appellate Tribunal to address appeals against regulatory decisions.
The ordinance is currently in effect but requires parliamentary approval within 120 days to become permanent law.
This move signals Pakistan’s commitment to fostering a regulated and innovative crypto ecosystem.
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