Pakistan Virtual Assets Regulatory Authority (PVARA) – Crypto Rules Explained 2025
Introduction – What is PVARA? In 2025, Pakistan established the Pakistan Virtual Assets Regulatory Authority (PVARA) under the Virtual Assets Ordinance, 2025. PVARA is the country’s first regulatory body to oversee virtual assets, cryptocurrencies, and related services. Its primary goal is to create a safe, regulated environment for crypto trading and digital asset management in Pakistan. https://www.binance.com 2. Purpose of PVARA The main objectives of PVARA include: ✅ Regulating virtual assets such as cryptocurrencies. ✅ Licensing and supervising Virtual Asset Service Providers (VASPs). ✅ Enforcing Anti-Money Laundering (AML) and Know Your Customer (KYC) standards. ✅ Aligning Pakistan’s crypto regulations with international standards. 3. Is Cryptocurrency Legal in Pakistan? With PVARA, crypto is moving towards a legal framework in Pakistan. While full legalization via legislation is still pending, users can hold or transfer crypto for personal use. Trading on non-licensed plat...