pvara

According to the official announcement from the Pakistan Virtual Assets Regulatory Authority (PVARA), all virtual asset services are included under PVARA's regulatory scope and must obtain prior authorization before commencing operations or making public announcements.PVARA welcomes responsible innovation and encourages relevant parties to engage in communication as early as possible. Innovation can be conducted through compliance pathways such as regulatory sandboxes, No-Action Relief Letters, and No Objection Certificates (NOC).

The Pakistani Parliament has officially passed the "Virtual Assets Bill 2026," establishing the Pakistan Virtual Assets Regulatory Authority (PVARA), which is responsible for licensing and regulating virtual asset service providers within the country.The bill aims to protect investors, combat money laundering and terrorist financing, and promote fintech innovation, aligning Pakistan's regulatory standards with international norms. PVARA was previously a temporary body established by a presidential decree in July 2025, and this legislation marks its formal legalization.

ChainCatcher news, according to Cointelegraph, the federal government of Pakistan has recently officially established the Pakistan Virtual Assets Regulatory Authority (PVARA), which will serve as an independent regulatory body responsible for the licensing, supervision, and compliance management of the country's digital asset industry. Finance Minister Mohammad Aurangzeb stated that this move aims to establish a forward-looking regulatory framework to protect consumers and attract global investment.Previously, Pakistan had allocated 2000 megawatts of electricity for Bitcoin mining and the construction of artificial intelligence centers. The plan received support from the Ministry of Finance but faced opposition from the International Monetary Fund (IMF).