Global Exchanges Show Interest in Pakistan

Pakistan’s digital asset landscape is shifting into a new phase, with around 70 major global cryptocurrency exchanges reportedly seeking licences to operate in the country. It’s a notable change in direction, moving away from restriction and toward an actual regulated market.

Bilal Bin Saqib, Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA), said companies that meet the required regulatory conditions will be allowed to buy and sell digital assets within Pakistan.

Regulation Takes Centre Stage

PVARA was set up as the dedicated regulator for virtual assets following the Virtual Assets Ordinance in 2025 and the Virtual Assets Act in March 2026. The framework covers licensing, consumer protection, cybersecurity, and anti-money laundering requirements, and regulations notified in August formally got the licensing system up and running.

The government is also looking further ahead, exploring things like tokenizing government debt and Roshan Digital Accounts.

Digital Remittances Could Cut Costs

There’s a cost angle here too. PVARA notes that Pakistanis currently pay around 6.5% to send remittances, while digital channels could bring that down to roughly 1%, a meaningful saving for people sending money home.

FAQs

  1. How many exchanges are interested in Pakistan?
     Around 70 major global exchanges are reportedly seeking licences.
  2. Who regulates digital assets in Pakistan?
     The Pakistan Virtual Asset Regulatory Authority (PVARA).
  3. Will exchanges need licences?
     Yes, virtual asset service providers need to meet regulatory requirements before they can operate.

Conclusion

Pakistan’s emerging digital asset framework could put the country on the map as a more structured, internationally connected player in the crypto space.