According to PVARA Chairman Bilal Bin Saqib, Pakistan has moved from an ordinance to legislative, institutional, and banking integration while approving its first virtual asset service provider license.
Pakistan has advanced its virtual asset regulatory framework over a nine-month period, moving from an ordinance to what PVARA Chairman Bilal Bin Saqib described at a Harvard Kennedy School symposium as full institutional, legislative, and banking integration for virtual assets. Alongside that broader policy shift, Pakistan’s Virtual Assets Regulatory Authority has approved the country’s first virtual asset service provider license, marking an early operational milestone in formal crypto oversight. Together, the developments indicate that Pakistan is building a more structured environment for regulated digital asset activity, although the available sources do not provide further details on the licensed entity, the specific laws, or the banking measures involved.