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Pakistan is making its own big move. The government has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) under the newly enforced Virtual Assets Ordinance 2025, inviting international crypto exchanges and service providers to apply for licenses and operate legally in the country.
With over 40 million crypto users and an estimated $300 billion in yearly trading volume, Pakistan’s crypto market is too big to ignore. Until now, however, it lacked a clear regulatory framework.
Pakistan Crypto Regulation: Why Now?
For years, Pakistan’s crypto industry has operated in a legal grey zone, raising concerns around fraud, money laundering, and investor safety. Officials say the new framework is designed to fix this.
“By creating clear rules, Pakistan signals to global investors that it is serious about digital assets,” said one senior finance officia
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