Pakistan’s Virtual Asset Regulatory Authority opens its crypto market to global firms, inviting them to obtain licenses and access a potential user base of over 40 million.

This move could reshape Pakistan’s digital finance landscape, aligning with global regulatory standards, and potentially attracting major exchanges to enhance crypto accessibility and innovation.

Pakistan Invites Global Crypto Firms to Apply for Licenses

Pakistan opens its crypto market to international exchanges, inviting applications for operating licenses to access a potential 40-million-user base.

Invitation to Global Crypto Firms by PVARA

The Pakistan Virtual Asset Regulatory Authority (PVARA) has issued an invitation to global crypto firms, opening its market to international exchanges. PVARA’s creation under the Virtual Assets Ordinance 2025 sets a new regulatory framework for the industry. Chairman Bilal bin Saqib emphasized the goal of a transparent and inclusive digital financial future for Pakistan. Overseas exchanges are encouraged to apply for operating licenses, targeting access to over 40 million potential users.

This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan. — Bilal bin Saqib, Chair, Pakistan Virtual Asset Regulatory Authority (PVARA)

Potential $300 Billion Annual Trading Volume

PVARA targets institutional exchanges like Binance and Coinbase, potentially boosting local access. Pakistan anticipates a $300 billion annual trading volume. Binance and other major exchanges are among potential entrants, contingent on license approval. Analysts suggest the move may align Pakistan with successful regulatory regimes like Dubai and Singapore, enhancing market stability. Historical success stories highlight these markets’ growth due to clear regulations and safe user access.

Regulatory Success in Dubai and Singapore

Regulatory frameworks in Dubai, Singapore, and the UK drew similar high-profile exchange entries. Increased institutional involvement and clarity have typically followed such regulatory openings, benefiting national economies. Kanalcoin experts note Pakistan’s initiative could attract significant crypto inflows, comparing with thriving international models. They predict a consistent increase in trading volumes, stressing the importance of ongoing regulatory clarity.

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