Big news for Pakistan’s crypto scene! 🇵🇰
After seven long years of restrictions, the State Bank of Pakistan has officially lifted the banking ban on virtual asset service providers. Licensed crypto firms can now open accounts and access essential banking services ,a major step toward bringing the industry into the formal economy.
No more P2P deposits, everything became more smoother and direct now,
This follows the landmark “Virtual Assets Act 2026”, which established the Pakistan Virtual Assets Regulatory Authority (PVARA) as a permanent regulator. With millions of Pakistanis already active in digital assets, clearer rules mean better protection, innovation, and potential for tokenized assets, mining, and even a national stablecoin in the future.
The door to a regulated digital future is finally opening. Exciting times ahead for builders, investors, and the next generation of Pakistan’s fintech leaders! 💹