Regulatory Alerts2026-04-26
Added · Updated
Advisory on Virtual Asset-Related Announcements and Activities
The Pakistan Virtual Assets Regulatory Authority requires prior authorization for any agreement or pilot that enables the provision of virtual asset services within Pakistan. Financial institutions must engage with the regulator through the Regulatory Sandbox, No-Action Relief Letters, or No Objection Certificate processes before making public announcements of such initiatives. Failure to secure prior engagement may result in regulatory, reputational, and FATF compliance risks, potentially preventing the lawful proceeding of the proposed activities.