Regulatory Alerts2026-03-03
Added · Updated
Virtual Assets Act, 2026
The Virtual Assets Act, 2026 establishes the Pakistan Virtual Assets Regulatory Authority (PVARA) to license, regulate, and supervise Virtual Asset Service Providers and Issuers operating in Pakistan. The legislation defines Virtual Assets, excludes specific instruments like securities and closed-loop tokens, and grants PVARA powers to set prudential standards, conduct inspections, and impose sanctions. It mandates compliance with anti-money laundering laws and allows for extraterritorial enforcement and international cooperation to ensure market integrity and investor protection.