Pakistan’s National Assembly has approved a new law to regulate cryptocurrencies and other digital assets, aiming to bring clarity to a market that has largely operated without rules. The “Virtual Assets Bill, 2026” will now go to President Asif Ali Zardari for final approval, after the Senate cleared it last month. The law creates a dedicated regulatory authority to oversee virtual currencies and ensure safer trading for users.
The legislation establishes the Pakistan Virtual Assets Regulatory Authority (PVARA), which will license and supervise virtual asset service providers in the country.
The authority will be chaired by a federal government appointee and will include senior officials such as the governor of the State Bank of Pakistan, the chairperson of the Securities and Exchange Commission of Pakistan, and the heads of finance, law, anti-money laundering, and digital authority agencies.
In addition, two independent directors with expertise in digital finance and technology will also join the board to provide specialized guidance.
According to official documents, the authority will work to prevent money laundering, terrorist financing, and other illegal activities related to digital assets, aligning with international standards. At the same time, it aims to promote innovation, financial inclusion, and Shariah-compliant digital asset services for Pakistanis.
