Ordinance issued to regulate virtual assets

Ordinance issued to regulate virtual assets

The president on Thursday issued an ordinance to establish a Virtual Assets Regulatory Authority (Vara) to regulate the services related to virtual assets in the country with a view to prevent money laundering and terrorist financing. President Asif Zardari signed the Virtual Assets Regulatory Authority Ordinance 2025, which would come into force immediately all over the country. The head office of the authority would be in Islamabad, but its re…

President Zardari Approves Ordinance to Regulate Crypto in Pakistan

President Asif Ali Zardari has given his approval to the Virtual Assets Ordinance 2025, which marks a big step towards regulating digital assets and cryptocurrencies in Pakistan. With this new ordinance, the government has set up the Pakistan Virtual Asset Regulatory Authority (PVARA). This new body will be responsible for looking after and controlling how virtual assets are managed in the country. One of the key features of the ordinance is a p…

President Zardari OKs Crypto Law Regulating Digital Finance

Pakistan has taken a major step toward regulating its digital financial space with the formal approval of the “Virtual Assets Act, 2025.” The Act was endorsed by the Federal Cabinet, the Prime Minister, and finally signed off by the President. Under this new law, an independent regulatory body called the Pakistan Virtual Asset Regulatory Authority (PVARA) has been established. It is responsible for licensing and supervising businesses working wi…