Pakistan’s federal government has launched the Pakistan Virtual Assets Regulatory Authority (PVARA), a dedicated regulatory body overseeing virtual assets to ensure alignment with global standards including Financial Action Task Force (FATF) requirements. This initiative forms part of Pakistan’s strategic vision to develop a future-ready financial ecosystem and promote innovation in digital finance.
The establishment of PVARA reflects Islamabad’s ambition to position Pakistan as a compliant player in the global cryptocurrency landscape. High-level diplomatic engagements with underscore the nation underscore the nation’s commitment to integrating crypto markets despite crypto markets despite facing challenges from the International Monetary Fund regarding cryptocurrency adoption.
Through its focus on regulatory compliance and digital asset management frameworks, PVARA aims to position Pakistan as a potential leader in South Asia’s cryptocurrency sector. The authority seeks to balance innovation with international regulatory expectations while advancing the country’s digital finance capabilities.