Pakistan's Virtual Assets Regulator Requires Prior Authorization for Crypto Service Providers

Gate News message, April 27 — Pakistan's Virtual Asset Regulatory Authority (PVARA) has issued a regulatory notice requiring all virtual asset service providers to obtain prior authorization before commencing operations or making public announcements. The directive brings all virtual asset services under PVARA's regulatory scope.

PVARA stated it welcomes responsible innovation and encourages stakeholders to engage early through available compliance pathways, including regulatory sandboxes, no-action relief letters, and certificates of no objection (NOC).