- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Pakistan formalizes crypto licensing process.
- New framework targets global crypto exchange involvement.
Pakistan has invited cryptocurrency firms to apply for operating licenses under its new federal regulatory framework. This initiative targets both domestic and foreign crypto exchanges, ensuring compliance and introducing strict oversight for virtual asset service providers (VASPs).
Pakistan invites cryptocurrency firms to apply for operating licenses under its new federal regulatory framework, as confirmed by legislative and official statements from July to September 2025.
This regulatory move signifies Pakistan’s strategic entry into the global crypto market, aiming to draw foreign direct investment while ensuring compliance with international financial standards.
New Compliance-Driven System
Pakistan has launched a compliance-driven system to license and regulate virtual asset service providers, both domestic and foreign. The Pakistan Virtual Asset Regulatory Authority (PVARA) oversees this initiative, with key government officials forming its governing board.
With emphasis on compliance, foreign exchanges are encouraged to apply, enhancing Pakistan’s financial standing. Jameel Ahmad, Governor of the State Bank of Pakistan, highlighted the framework’s potential at Reuters NEXT Asia.
A legal framework for virtual assets was necessary to evaluate and manage the risk very carefully, and at the same time not allow to let go the opportunity. — Jameel Ahmad, Governor, State Bank of Pakistan
The move is expected to attract foreign investment and enhance market legitimacy for cryptocurrencies like Bitcoin and Ethereum. International collaboration is emphasized for regulatory and technological assistance.
Potential Economic Opportunities
Initial responses to this framework suggest a potential boost in financial transparency and integration of leading technology partners. Observers note this step might position Pakistan as a regional tech-savvy hub for digital assets.
Future economic opportunities could emerge, leveraging Pakistan’s strategic centrality in South Asia. As regulations mature, further market and policy evaluations will reveal the outcomes of Pakistan’s new framework opens doors for crypto firm licensing.
