Pakistan Invites Global Crypto Firms to Apply for Licenses Under New Regulatory Framework

According to Cointelegraph, Pakistan has initiated a new federal regime to attract international crypto businesses, inviting leading exchanges and virtual asset service providers (VASPs) to apply for licenses. The Pakistan Virtual Asset Regulatory Authority (PVARA) has called on major crypto firms to submit Expressions of Interest (EoIs) to enter the country's digital asset market. Bilal bin Saqib, PVARA chair and minister of state for crypto and blockchain, emphasized the invitation as a step towards building a transparent and inclusive digital financial future for Pakistan. Eligibility for participation is restricted to firms already licensed by recognized regulators such as the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority, the EU’s VASP framework, the UAE’s Virtual Assets Regulatory Authority, and the Monetary Authority of Singapore source: https://www.binance.com/en/square/post/29667653575794?utm_source=BinanceNewsRSS