Pakistan's Parliament passes the Virtual Assets Act 2026, officially establishing the Cryptocurrency Regulatory Authority PVARA

GateNews

2026-03-06 10:38:26

ChainCatcher news: Pakistan’s Parliament officially passes the Virtual Assets Act 2026, announcing the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA), responsible for licensing and regulating virtual asset service providers within the country.

The bill aims to protect investors, combat money laundering and terrorist financing, and promote fintech innovation, aligning Pakistan’s regulatory standards with international practices. PVARA was previously a temporary agency established by a presidential order in July 2025; this legislation marks its formal legalization.

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