President Zardari Approves Crypto Regulation in Pakistan
President Asif Ali Zardari has approved the Virtual Assets Ordinance 2025, marking a major step forward in crypto regulation in Pakistan. The new law sets clear rules for digital assets and introduces a new authority to monitor and regulate virtual asset activity across the country.
Pakistan Virtual Asset Regulatory Authority (PVARA) Established
As part of the ordinance, the government has formed the Pakistan Virtual Asset Regulatory Authority (PVARA). This new body will oversee all matters related to cryptocurrencies, virtual assets, and companies working in the crypto space.
PVARA will be responsible for licensing, compliance, monitoring, and enforcement. Its goal is to create a safe and transparent digital finance system in line with international standards.
Licensing Now Required for Crypto Businesses
A key feature of the new crypto regulation in Pakistan is the introduction of a licensing system for Virtual Asset Service Providers (VASPs). Companies dealing in cryptocurrencies will now need government approval to operate legally.
This move aims to bring Pakistan in line with global best practices, especially the guidelines set by the Financial Action Task Force (FATF). The new framework is expected to help reduce the risk of money laundering, terror financing, and other financial crimes.
Temporary Ordinance Valid for 120 Days
The ordinance was issued on July 8, 2025, under Article 89 of the Constitution, while Parliament was not in session. It is valid for 120 days and may later be passed as permanent law by the National Assembly.
Initially, some confusion surrounded the document’s status, with reports mistakenly calling it an “Act.” Officials quickly clarified that it is currently an ordinance and not yet permanent legislation.
A Step Towards Financial Transparency
This bold move shows that Pakistan is ready to catch up with global trends in cryptocurrency regulation. The crypto regulation in Pakistan seeks to balance innovation and financial safety by protecting users while ensuring that the sector is not used for unlawful purposes.
As the world embraces digital finance, Pakistan’s decision to regulate crypto assets is a welcome change. It creates opportunities for legitimate business while keeping risks under control.
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