Pakistan has taken an important step toward formalising its virtual asset ecosystem.


Following the enactment of the Virtual Assets Act, 2026, the State Bank of Pakistan has issued BPRD Circular Letter No. 10 of 2026, enabling regulated entities to open and maintain bank accounts for PVARA-licensed Virtual Asset Service Providers and their customers, subject to strict compliance and AML/CFT requirements.
This marks a transition from a previously restrictive environment to a structured, regulated framework.
Establishing regulatory clarity is a critical step in enabling sustainable growth, attracting investment, and building trust in the ecosystem.
This development reflects continued coordination between policymakers, regulators, and industry stakeholders as Pakistan advances toward a fully regulated digital asset market.
Thank you @Bilalbinsaqib @PakistanVARA @Financegovpk
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