Regulatory Alerts2026-08-21
Added
Pakistan Virtual Asset Services Regulations, 2026
The Pakistan Virtual Asset Regulatory Authority establishes licensing and regulatory requirements for Virtual Asset Service Providers (VASPs) operating in or from Pakistan under the Virtual Assets Act, 2026. The Regulations define key terms, including Professional and Retail Clients, and mandate that VASPs hold valid licenses for specific service categories while prohibiting the use of virtual assets as a means of payment for domestic commercial transactions without State Bank of Pakistan approval. Existing service providers are required to apply for licenses within six months of the Act's commencement, and pure virtual asset mining is exempt from licensing unless it involves customer assets or third-party services.