Pakistan has announced the launch of licensing for international crypto firms through its new regulatory body, the Pakistan Virtual Asset Regulatory Authority (PVARA), as of 2025. This initiative aims to strengthen the legal oversight of the country’s crypto market.
Global Crypto Licensing Initiative
Pakistan has opened its doors to international crypto firms by inviting them to apply for licenses through the new regulatory body, PVARA. The initiative, led by Bilal bin Saqib, aims to establish a clear legal framework that fosters collaboration with global leaders in the field.
Impact on the Crypto Market
This move is expected to significantly influence the crypto market by providing a clear legal structure that covers major cryptocurrencies like BTC and ETH. It aims to enhance market stability and transparency while ensuring compliance with international standards such as AML/CFT/KYC.
Industry Perspective and Global Trends
Industry experts view this invitation as a landmark moment for the country’s crypto ecosystem. This initiative aligns with global trends, as countries like the UAE and Singapore have implemented similar regulatory measures, potentially paving the way for increased institutional investment and partnerships.
Thus, the launch of licensing for international crypto firms in Pakistan could be a significant step in developing the local crypto market by enhancing regulation and attracting investments.
