Pakistan is stepping up its crypto game with new regulations, aiming to lead in digital finance despite IMF hurdles and potential Bitcoin reserve strategies.
Crypto Regulation in Pakistan: A New Dawn?
Pakistan's crypto landscape is heating up! The country is making bold moves to regulate digital assets, aiming to be a leader in the future of finance. Let's dive into the key developments.
Pakistan Establishes Virtual Assets Regulatory Authority (PVARA)
The big news is the launch of the Pakistan Virtual Assets Regulatory Authority (PVARA). This independent body will oversee the digital asset industry, focusing on licensing, monitoring, and supervising virtual asset service providers. The goal? To comply with international standards, including guidelines from the Financial Action Task Force (FATF).
A Push for Leadership in Digital Finance
Finance Minister Muhammad Aurangzeb put it best: Pakistan
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