Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib has called for continued discussion on digital assets under Islamic law. His statement followed a meeting with scholar Mufti Taqi Usmani on July 11. Saqib said both sides shared one aim: protecting Pakistanis from fraud, exploitation, and financial harm.
Summary
- Pakistan’s crypto chief seeks technical and Shariah reviews instead of one broad digital asset ruling.
- Mufti Taqi Usmani’s ruling rejects crypto purchases because tokens allegedly lack recognised Shariah wealth status.
- Pakistan continues licensing crypto firms while religious concerns add another layer to its regulatory rollout.
In his…
