Pakistan Moves Toward Global Crypto Standards With New Regulatory Framework

[nihalsari]

The government of Pakistan is pushing forward with a comprehensive crypto regulatory system after lawmakers approved the Virtual Assets Act, 2026, strengthening the role of the Pakistan Virtual Assets Regulatory Authority. The agency will now oversee licensing for crypto businesses while implementing strict AML and financial compliance requirements aligned with international standards.

The move marks a dramatic shift from earlier regulatory resistance, as the country previously opposed crypto legalization before changing course in 2024. With new banking rails being developed alongside the State Bank of Pakistan, officials say the framework will help create a safer and more structured digital asset ecosystem.

[ed]

crypto companies reading “licensing and AML requirements” like: ah yes paperwork season