<ul data-eligibleForWebStory="false"><li>Pakistan has established the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee its crypto sector and join the digital finance hubs in South Asia.</li><li>PVARA aims to license and monitor Virtual Asset Service Providers (VASPS) to ensure compliance with international standards like FATF, IMF, and the World Bank.</li><li>Challenges lie ahead for Pakistan as the IMF has rejected its plan to subsidize electricity for Bitcoin mining, highlighting the tension between innovation and international finance discipline.</li><li>The success of PVARA will depend on robust oversight, global cooperation, and domestic stability to position Pakistan as a digital assets powerhouse in South Asia.</li></ul>

Pakistan Establishes Independent Digital Assets Regulator PVARA

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