The Pakistani government has taken steps to integrate with the international cryptocurrency market by inviting global crypto firms to apply for licenses under the new regulatory body.
New Regulator PVARA
The Pakistani government has invited international crypto firms to apply for licenses under the new regulatory body PVARA, established under the Virtual Assets Ordinance 2025. This move marks a significant regulatory shift towards aligning with global standards.
Government Support
The Ministry of Finance of Pakistan issued a statement encouraging engagement from global firms, highlighting its supportive stance towards digital assets. The regulatory framework requires applicants to hold licenses from recognized bodies like the SEC and FCA.
Prospects for Pakistan's Crypto Market
With an annual crypto trading volume exceeding $300 billion, Pakistan is one of the most attractive markets for international players. Analysts expect an increase in on-chain transaction volumes, potentially leading to a surge in fintech innovations compliant with Sharia law.
The establishment of PVARA could significantly transform the cryptocurrency market in Pakistan, promoting its integration into the global economy and increasing investor interest.
