TechFlow News, June 15: The Pakistan Virtual Assets Regulatory Authority (PVARA) has launched a public consultation on the draft “Pakistan Virtual Asset Services Regulations 2026” and its accompanying activity-specific handbooks. The consultation period runs from June 11 to July 2, 2026, at 4:00 PM Pakistan Time.
The draft proposes establishing a licensing and regulatory framework for virtual asset service providers (VASPs), covering requirements related to corporate governance, market conduct, client asset segregation, technology and cybersecurity, risk management, and anti-money laundering/counter-terrorist financing (AML/CFT). It is accompanied by ten activity-specific licensing handbooks. PVARA stated that this consultation aims to refine the regulatory framework and align Pakistan’s virtual asset regulatory regime with international standards set by the Financial Action Task Force (FATF) on AML/CFT.
