The Pakistan Virtual Asset Regulatory Authority (PVARA) has announced licensing opportunities for international crypto firms under the new Virtual Assets Ordinance 2025.
Invitation for Global Crypto Firms
PVARA has extended an invitation for global crypto firms to apply for licensing under the new ordinance. PVARA Chairman Bilal bin Saqib emphasized this as an opportunity to build a transparent and inclusive digital financial future for Pakistan.
> "This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan." — CITE_W_A
Impact on Pakistan Market
International crypto firms are expected to impact the digital asset market in Pakistan by providing access to licensed services only to companies compliant with international AML/CFT standards. The ordinance will influence funding and market dynamics, increasing the availability of well-regulated digital assets for users.
Licensing Model Inspired by UAE and Singapore
The licensing model aligns with frameworks from the UAE and Singapore, aimed at compliance-driven growth. These examples have demonstrated that implementing such models increases transaction volumes in cryptocurrency markets, including BTC, ETH, and regulated stablecoins.
The introduction of new licenses for crypto firms in Pakistan marks a significant step toward integration into the international financial market, which could bolster trust in digital assets and stimulate sector growth.
