šµš° Pakistan: Regulation Update
Pakistan has rolled out the Pakistan Virtual Assets Regulatory Authority (PVARA) under the Pakistan Virtual Assets Ordinance 2025 ā aiming to license and regulate crypto service providers.
The establishment of Pakistan Crypto Council (PCC) and regulatory reforms mark a shift from past crypto-skepticism toward more formal oversight and potential legal clarity in Pakistanās crypto space.
Global ā Regulatory Trends & Legal Spotlight
In the U.S., the GENIUS Act was signed in July 2025 ā imposing stricter rules on stablecoins, including 1:1 backing and transparency requirements, signaling a more regulated stablecoin environment.
Globally, regulators are accelerating adoption of rules such as the āTravel Ruleā for crypto transfers ā about 99 jurisdictions are reported to be enacting or drafting regulations, including major economies like the UK and EU.
Macro & Market Drivers ā Whatās Affecting Crypto Now
Upcoming U.S. economic data ā including retail-sales, PPI and GDP reports ā could shift expectations for monetary policy, which in turn may influence crypto market sentiment.
Market-wide ārisk-offā mood recently pushed cryptocurrencies downward as investors responded to tighter liquidity conditions and global economic uncertainty.
š° U.S. Regulation & Enforcement ā Whatās New With SEC & Tokenization
A coalition of global stock exchanges urged the U.S. Securities and Exchange Commission (SEC) to avoid granting exemptions to crypto firms offering tokenized stocks ā citing risks to investor protection and market integrity.
Amid changing regulation, the SECās evolving stance continues to drive uncertainty ā companies and investors may need to brace for stricter compliance requirements or shifts in offerings.
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