Pakistan Launches VASP Licensing, Formalizing Digital Asset Economy

The Pakistan Virtual Assets Regulatory Authority (PVARA) has made the licensing process operational, requiring existing VASPs to apply for a No-Objection Certificate (NOC) by September 5, 2026, or cease operations. This framework aims to bring virtual asset businesses under formal regulatory oversight, focusing on compliance, accountability, and consumer protection. This move formalizes a growing sector, potentially influencing capital flows and investment diversification within Pakistan's economy, which could have indirect, long-term implications for the PKR.

بحوالہ / Source: www.brecorder.com