Blog Archives

Latest Posts

Monthly

Categories

All Posts in #Blockchain

July 8, 2025 - Comments Off on Official body PVARA formed to regulate digital assets

Official body PVARA formed to regulate digital assets

https://www.dawn.com/news/1922661/regulatory-body-formed-to-oversee-digital-assets

Pakistan’s federal government has officially created the Pakistan Virtual Assets Regulatory Authority (PVARA), an independent body tasked with licensing, monitoring and supervising virtual asset service providers in line with FATF and other global standards. The federal cabinet recently approved its establishment on July 8 and once formalized through legislation, PVARA will be responsible for issuing licenses. This will set technical standards, enforcing anti-money laundering protocols mitigating cyber–financial risks across all digital transactions. This initiative is part of Pakistan’s larger strategy to position itself as a regional hub for blockchain innovation inorder to attract foreign investment ensuring public consumer protection and promoting a more inclusive yet secure digital economy.

April 7, 2025 - Comments Off on Pakistan chooses Binance founder Zhao as adviser to Pakistan Crypto Council (PCC)

Pakistan chooses Binance founder Zhao as adviser to Pakistan Crypto Council (PCC)

In a major move to integrate blockchain and digital assets into Pakistan’s financial system, the government appointed Binance founder Changpeng Zhao as a strategic adviser to the Pakistan Crypto Council (PCC), which was officially launched last month. Zhao will guide efforts on crypto regulation, education, and adoption.

 

The appointment was announced following Zhao’s meetings with Finance Minister Muhammad Aurangzeb, Prime Minister Shehbaz Sharif, and Deputy PM Ishaq Dar. “This is a landmark moment for Pakistan,” said Aurangzeb. “We are sending a clear message to the world: Pakistan is open for innovation. With Zhao onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.”

 

A day later, Zhao met PML-N President Nawaz Sharif and Punjab Chief Minister Maryam Nawaz to discuss Pakistan’s digital future. Nawaz Sharif welcomed Zhao’s appointment as a step towards establishing Pakistan as a regional Web3 leader, while Maryam Nawaz emphasised upskilling youth for global digital competitiveness.