Pakistan Invites Crypto Firms for Licensing Amid Regulation Efforts

Pakistan’s crypto regulator, PVARA, invites global crypto firms to apply for licenses under the Virtual Assets Ordinance 2025, targeting over 40 million users.

Initiative aims to enhance compliance, align with international standards, and boost market access for Bitcoin, Ethereum, and top stablecoins, influencing both local and global crypto dynamics.

Pakistan Virtual Asset Regulatory Authority (PVARA) has opened licensing opportunities to global crypto firms, inviting applications under its new Virtual Assets Ordinance 2025.

This move seeks to enhance Pakistan’s digital finance future, aligning with FATF standards and attracting compliant exchanges.

Pakistan Calls for Crypto Licenses Under New Ordinance

The Pakistan Virtual Asset Regulatory Authority (PVARA) has extended an invitation to global crypto firms for licensing opportunities under the Virtual Assets Ordinance 2025. Bilal bin Saqib, PVARA Chairman, highlighted this as a chance to build a transparent digital finance future.

PVARA Chairman, Bilal bin Saqib, stated, “This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan.” — source

PVARA, the central regulatory body, aims for international compliance, leveraging high-level regulators’ expertise. The initiative targets 40 million user engagement, focusing on transparent crypto oversight.

Entry of Global Crypto Firms to Impact Pakistan Market

International crypto firms are expected to enter Pakistan’s market, impacting digital asset access for millions. Only firms licensed under recognized international regulators are eligible, ensuring compliance with AML/CFT standards.

The ordinance emphasizes compliance, affecting funding and market dynamics. Pakistani users could see increased availability of well-regulated digital asset services, enhancing user trust and market growth.

Licensing Model Mirrors UAE and Singapore Frameworks

The licensing model mirrors UAE and Singapore’s frameworks, targeting compliance-driven growth. These examples increased inflows for BTC, ETH, and regulated stablecoins.

Future trends suggest enhanced participation in digital asset markets, leveraging international partnerships and aligning regulations with global standards, fostering a robust crypto ecosystem.

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