- Pakistan invites global exchanges to apply for local licenses.
- New regulatory framework aims to attract top-tier firms.
- Effort expected to boost Pakistan’s digital financial landscape.
Pakistan has invited global cryptocurrency exchanges to apply for licenses through the newly established Pakistan Virtual Asset Regulatory Authority, announced under the Virtual Assets Ordinance 2025.
This initiative aims to regulate the booming local crypto market of over 40 million users, fostering transparency and attracting international institutional partnerships.
Pakistan has invited global cryptocurrency exchanges to apply for local licenses through its newly established Pakistan Virtual Asset Regulatory Authority (PVARA). This announcement marks the country’s first concrete step toward a regulated digital asset environment.
The invitation involves leading regulatory figures like Bilal bin Saqib, Chairperson of PVARA. Exchanges must conform to compliance standards from jurisdictions like the US and EU to apply. This move signifies a major policy shift for Pakistan’s digital market.
The decision affects over 40 million crypto users in Pakistan, indicating significant changes in local trading dynamics. It aims to legitimize digital financial practices and encourages international investments for the country.
Financial landscape anticipates increased institutional participation, yet specific funding allocations remain undisclosed. Affected assets include BTC, ETH, major stablecoins, and any listed tokens by applying exchanges, impacting the broader crypto ecosystem.
While historical uncertainties existed regarding crypto in Pakistan, this step aligns with global standards from FATF and IMF. It marks the beginning of formal oversight within its markets.
Bilal bin Saqib, Chairperson, Pakistan Virtual Asset Regulatory Authority (PVARA): “This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan.” Source
Analyzing global counterparts like the UAE and Singapore shows potential for increased mainstream adoption and institutional capital influx. This aligns with emerging trends and standardizes digital financial growth within the country.
