Pakistan invites global crypto exchanges to apply for local licences - Geo.tv

Pakistan invites global cryptocurrency exchanges to apply for operating licenses through its newly established Virtual Asset Regulatory Authority (PVARA), marking a significant step toward mainstream crypto adoption.

Pakistan has opened its doors to international cryptocurrency firms seeking to operate in one of the world's largest crypto markets. The country established PVARA under the Virtual Assets Ordinance 2025 to regulate its estimated 40 million crypto users and $300 billion annual trading volume. This regulatory framework aims to align with international standards while fostering transparent digital financial services.

• Licensing available to firms already regulated in US, UK, EU, UAE, or Singapore with proven compliance records
• Pakistan's crypto market represents one of the most active frontier markets globally with massive user engagement
• Government-backed Pakistan Crypto Council explores bitcoin mining and strategic bitcoin reserves while appointing Binance founder as adviser
• New framework addresses anti-money laundering, counter-terrorism financing, and cybersecurity requirements for market participants