Pakistan Invites Global Crypto Exchanges to Apply for Licensing - ProPakistani

Pakistan's Virtual Asset Regulatory Authority (PVARA) has opened licensing applications for global cryptocurrency exchanges under the new Virtual Assets Ordinance 2025, as reported by ProPakistani.

The initiative targets creating a secure digital assets ecosystem that meets international standards from organizations like the Financial Action Task Force and World Bank. Pakistan's crypto market already boasts over 40 million users with annual trading volumes exceeding $300 billion. PVARA chairman Bilal bin Saqib emphasizes building an inclusive digital financial future for the country.

• Global exchanges regulated by SEC, FCA, UAE VARA, or Singapore MAS can apply for Pakistani licensing
• Applicants must demonstrate compliance with anti-money laundering and cybersecurity requirements
• The rolling application process accepts submissions via email to PVARA's Islamabad headquarters
• Pakistan aims to align its digital assets framework with global regulatory standards