Pakistan Requires Approval for Virtual Asset Services Under New Law

2026-04-27 19:42

The Pakistan Virtual Asset Regulatory Authority (PVARA) has issued a regulatory notice mandating that all virtual asset services, including stablecoins, cross-border payments, and tokenization, must receive prior approval under the 2026 Virtual Asset Act. The announcement warns that announcing partnerships or pilot projects without prior communication could lead to compliance and FATF risks, potentially hindering legal progress. PVARA urges entities and individuals to apply for authorization through the regulatory process in advance.

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