Pakistan’s Virtual Assets Regulatory Authority has opened its licensing system and given existing crypto service providers until Sept. 5 to apply for preliminary approval or stop operating in the country.
Summary
- Pakistan has opened its crypto licensing portal, with existing VASPs required to apply for an NOC by Sept. 5.
- Firms that miss the deadline must stop operating, while unapproved operations after Sept. 5 will constitute an offense.
- The rules cover exchanges, custody, lending, derivatives, asset management, token issuance and mining services.
- Licensed providers must segregate customer assets and meet governance, cybersecurity and anti money laundering…
