PVARA to Regulate Digital Assets, Boost Pakistan's Digital Economy: Finance Minister

PVARA to Regulate Digital Assets, Boost Pakistan's Digital Economy: Finance Minister

Pakistan Virtual Assets Regulatory Authority (PVARA) has been established to provide a modern regulatory framework for virtual assets. This initiative aims to promote responsible innovation, strengthen oversight, and enable Pakistan to capitalize on emerging opportunities in digital finance, aligning with the government's strategy to position the country as a digital economy. This move could formalize the digital asset market, potentially attracting investment and influencing investor sentiment towards traditional assets like gold and the USD/PKR rate.

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