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🇵🇰Good 😊 News 🗞️ 🇵🇰Pakistani People 👌
🏦State Bank Finally Ends Ban on Crypto Companies💎
🏦State Bank of Pakistan on Tuesday formally legalised and encouraged the use of virtual assets by implementing the Virtual Assets Act 2026, marking one of the biggest regulatory changes in 🇵🇰Pakistan’s digital finance space in recent years.
Under the new law, the Pakistan Virtual Asset Regulatory Authority (PVARA) has been established as the statutory body responsible for licensing, regulating, supervising, and overseeing all virtual asset related activities in the country.💵🕵️
The move effectively creates Pakistan’s first formal legal framework for crypto and digital asset businesses.🚏
The central bank said its regulated entities, including banks and financial institutions, may now open bank accounts for companies licensed by#PVARA as PAKISTAN Virtual Asset Service Providers (VASPs)
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