Pakistan to establish Virtual Assets Regulatory Authority

May 30, 2025 (MLN): The groundwork for the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA)—a proposed autonomous body to oversee the digital finance and crypto ecosystem in Pakistan—will be discussed during a meeting of the Pakistan Crypto Council on Monday, 2nd June 2025.

The meeting will be chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, as per the press release issued today.

The meeting will serve as a strategic forum to deliberate on the evolving regulatory and legal framework surrounding digital currency and the broader crypto landscape in Pakistan.

Bilal Bin Saqib, Minister of State/Special Assistant to the Prime Minister on Blockchain and Crypto, will participate in his capacity as the Chief Executive Officer of the Pakistan Crypto Council.

The meeting will also be attended by members of the Council, including the Governor, State Bank of Pakistan (SBP); Chairman, Securities and Exchange Commission of Pakistan (SECP); Secretary, Law & Justice Division; and Secretary, Ministry of Information Technology & Telecommunication.

Key items on the agenda include the development of a robust regulatory framework to govern digital and virtual assets in Pakistan, in alignment with global standards and technological advancements.

The Council aims to lay the foundation for a secure, transparent, and innovation-friendly regulatory environment, with a view to promoting responsible adoption of blockchain technology, protecting investors, and enhancing financial inclusion.

The upcoming meeting underscores the Government’s commitment to shaping a future-ready financial infrastructure while ensuring stability and compliance in the emerging digital economy.

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