Pakistan Establishes Independent Cryptocurrency Regulator to Meet FATF and International Compliance Standards

Pakistan Establishes Independent Cryptocurrency Regulator to Meet FATF and International Compliance Standards

On July 8, the government of Pakistan unveiled the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA). This independent entity will oversee the licensing, monitoring, and regulation of virtual asset service providers (VASPs).

The establishment of PVARA marks a significant step towards the regulation of virtual assets in the country, aiming to ensure a safe and compliant environment for digital asset operations.

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