Pakistan’s virtual asset licensing regime has officially gone live, according to the Pakistan Virtual Assets Regulatory Authority (PVARA). Existing virtual asset service providers (VASPs) must submit a no-objection certificate (NOC) application by Sept. 5, 2026, under Section 70 of the Virtual Assets Act 2026, or stop operating. PVARA said the country moved from basic legislation to implementing rules and an open licensing process in less than six months.
Licensing regime now in force
The Pakistan Virtual Assets Regulatory Authority (PVARA) said Pakistan’s virtual asset licensing regime has officially taken effect.
PVARA said the country moved from completing its basic legislation to issuing supporting regulatory rules and opening the licensing application process in less than six months.
Existing VASPs face a Sept. 5 filing deadline
Under Section 70 of the Virtual Assets Act 2026, existing virtual asset service providers (VASPs) must submit an application for a no-objection certificate (NOC) by Sept. 5, 2026. Those that do not comply must stop operating.
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