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July 8, 2025https://www.dawn.com/news/1922661/regulatory-body-formed-to-oversee-digital-assets
Pakistan’s federal government has officially created the Pakistan Virtual Assets Regulatory Authority (PVARA), an independent body tasked with licensing, monitoring and supervising virtual asset service providers in line with FATF and other global standards. The federal cabinet recently approved its establishment on July 8 and once formalized through legislation, PVARA will be responsible for issuing licenses. This will set technical standards, enforcing anti-money laundering protocols mitigating cyber–financial risks across all digital transactions. This initiative is part of Pakistan’s larger strategy to position itself as a regional hub for blockchain innovation inorder to attract foreign investment ensuring public consumer protection and promoting a more inclusive yet secure digital economy.
