Pakistan Invites International Crypto Firms to Apply for Licenses Under PVARA

HKAN | Sep 14

 

Pakistan Welcomes International Crypto Firms

Pakistan has officially opened the doors for international cryptocurrency firms to apply for licenses under the Pakistan Virtual Assets Regulatory Authority (PVARA). This initiative is part of the country’s broader effort to regulate the digital asset market and encourage global crypto investment.

Licensing and Regulatory Framework

The PVARA license will allow international crypto companies to operate legally in Pakistan, providing services such as:

• Cryptocurrency trading and exchange operations

• Digital asset brokerage

• Custody and wallet services

• Blockchain-based financial solutions

The regulatory framework is designed to ensure compliance with anti-money laundering (AML) standards, know-your-customer (KYC) procedures, and other financial safeguards to protect investors and maintain market integrity.

Boosting Pakistan’s Digital Economy

By inviting global crypto firms, Pakistan aims to strengthen its digital financial infrastructure, foster innovation in blockchain technology, and attract foreign investment. Officials have emphasized that this move is intended to position Pakistan as a key player in the regional and global cryptocurrency market.

Looking Ahead

The application window is now open for eligible international companies, signaling Pakistan’s commitment to responsible crypto adoption. Observers anticipate that this initiative could stimulate local fintech growth, create job opportunities, and integrate Pakistan more fully into the rapidly evolving digital economy.