The federal government has begun implementing its virtual asset regulatory framework.
It held a high-level meeting in Islamabad on Tuesday with banks, exchange companies, and jewellery sector representatives.
The meeting aimed to brief stakeholders on the Virtual Assets Act, 2025, which was formally approved on July 9, 2025, following clearance from the Cabinet, Prime Minister, and President.
The law establishes the Pakistan Virtual Asset Regulatory Authority (PVARA) to license, regulate, and monitor entities dealing in virtual assets, including cryptocurrencies. PVARA will ensure compliance with international standards such as those of the Financial Action Task Force (FATF).
Exchange companies and banks were informed they would be granted licenses to operate in the virtual asset sector under the new law.
Also in attendance, central bank Governor Jameel Ahmed also reiterated that the central bank is finalizing legislation for a central bank digital currency (CBDC) and plans to launch a pilot project.
The meeting follows the government’s earlier announcement in February 2025 to establish the Pakistan Crypto Council to coordinate policy and the adoption of virtual assets.
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Jub mun ky bul girogwy to pata chalay ga ky Crypto tha ya Corrupto tha, it is a wild goose chase, the most stupid people are now the economic handler in Pakistan.
Good
Habib be positive. You living in Virtual Age. Tick talk, Facebook Instagram etc etc etc.
Get educated idiot.
I want news
Crypto will help the corrupt money not only whiten it but also send it easily to off shore banks. A big issue for trillionairs politicians, is resolved and legalised.
How much it will bevsafe to invest.whether this system is bound with current Govt, because in Pakistan No policy is long lasting.as an example u can see the fate of CNG pumps,similarly Solar system .
Credit goes to #waqarzaka