Crypto businesses operating in Pakistan finally have a formal channel to seek legal approval, after the Pakistan Virtual Assets Regulatory Authority(PVARA) switched on its licensing portal this week. The launch follows the notification of rules spelling out exactly how exchanges…
Pakistan’s top digital asset regulator is calling for a more nuanced approach to evaluating cryptocurrency under Islamic law, following a meeting with one of the country’s most influential religious scholars whose recent ruling cast doubt on the legitimacy of crypto-based…
Key Takeaways In a significant development, Pakistan is gearing up to welcome foreign crypto exchanges into its digital asset markets. According to local media reports, the Pakistan Virtual Asset Regulatory Authority (PVARA) on Saturday issued a call for expressions of interest…
Key Takeaways World Liberty Financial (WLF), supported by former U.S. President Donald Trump, has signed a Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to promote crypto adoption and blockchain innovation in Pakistan. The agreement, announced following a…
Key Takeaways Pakistan is laying the groundwork to legalize crypto trading, signaling a major policy shift as the government aims to attract foreign investment and integrate blockchain tech into its economy. This move comes amid growing global acceptance of digital…
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Key Takeaways The International Monetary Fund (IMF) has made significant recommendations for tax reforms in Pakistan, aiming to enhance revenue generation and stabilize the economy amidst multifaceted challenges. Among these proposals is the expansion of the Capital Gains Tax (CGT)…
The minister of state has announced a cryptocurrency prohibition for finance and taxation in Pakistan. The legislation banning cryptocurrency is being written by the Central Bank of Pakistan and others.
Pakistan’s SBP bank will issue licenses to EMIs for CBDC issuance
