Pakistan Opens Crypto Licensing to International Exchanges
Pakistan’s newly established crypto regulator has invited international exchanges and digital asset service providers to apply for operating licenses, marking a significant step toward formalizing the country’s substantial cryptocurrency market.
The Pakistan Virtual Asset Regulatory Authority (PVARA) issued expressions of interest for global Virtual Asset Service Providers seeking to operate in the country, according to a finance ministry statement. The authority was established under the Virtual Assets Ordinance 2025, which was promulgated in July.
Pakistan’s virtual asset market encompasses more than 40 million users with estimated annual trading volumes exceeding $300 billion, making it one of the world’s largest unregulated…
