Sunday, July 12, 2026

Crypto fatwa sparks debate over Pakistan’s digital asset framework

Pakistan’s crypto regulator held talks with prominent Islamic scholar Mufti Taqi Usmani after a fatwa declared crypto purchases impermissible under Islam.

  • Pakistan's crypto regulator met with Islamic scholar Mufti Taqi Usmani following a fatwa declaring cryptocurrencies impermissible under Islam.
  • The regulator argued for individual assessment of digital assets like stablecoins and tokenized RWAs, rather than a blanket prohibition.
  • This debate impacts Pakistan's plans for crypto licensing, a sovereign stablecoin, and state-asset tokenization, all requiring Sharia compliance.

Topics: Legal regulatory, Jurisdictions, Integration with defi, Securities law classification, Cross jurisdictional policy, Rwa collateral lending

Tags: #pakistan #muftitaqiusmani #shariacompliance #fatwa #digitalassets #stablecoins #tokenizedrealworldassets #pvara #islamicfinance

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