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Pakistan Crypto Firms Face Sept. 5 License Deadline
Pakistan’s PVARA gave crypto firms until Sept. 5 to register under the Virtual Assets Act 2026. Banks can now serve compliant firms but cannot hold crypto themselves.
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Pakistan has given digital asset companies until Sept. 5 to register with the country's new virtual asset regulator or shut down.
The Pakistan Virtual Assets Regulatory Authority (PVARA) said crypto businesses must submit applications for a no-objection certificate before the deadline. Firms that miss it will be required to stop operations.
Licensed cryptocurrency firms will have to follow new rules on security and transparency. "Licensees must follow strict operational and security standards safeguarding customer funds, maintaining robust cybersecurity, providing clear disclosures, and ensuring transparent business practices," PVARA said.