Virtual assets licensing launched
- Pakistan has launched a comprehensive licensing system for virtual assets, with existing operators needing to apply by September 5, 2026.
- The framework aims to regulate exchanges, custody, advisory services, and more, establishing a foundation for the digital economy and potentially boosting exports, remittances, and SME financing.
- This initiative, supported by the State Bank of Pakistan, allows licensed virtual asset service providers formal access to the banking system, lifting a previous ban.
Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Regulatory sandboxes pilots, Licensing issuer obligations, Tokenization platforms
Tags: #pakistan #virtualassets #licensing #regulatoryauthority #blockchain #tokenisation #stablecoins #remittances #islamicfinance #virtualassetserviceproviders
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