Pakistan Launches Public Consultation on Draft "2026 Pakistan Virtual Asset Service Regulations"

Odaily Planet Daily News The Pakistan Virtual Asset Regulatory Authority (PVARA) has launched a public consultation on the draft "2026 Pakistan Virtual Asset Service Regulations" and accompanying specialized manuals, with feedback accepted until 4:00 PM local time on July 2. The draft establishes a licensing and regulatory framework for virtual asset service providers, detailing rules on corporate governance, risk control, cybersecurity, and anti-money laundering, along with ten business license manuals. This consultation aims to strengthen the local regulatory framework and align Pakistan's virtual asset regulatory system with FATF international standards.