Pakistan Launches Crypto Licensing Regime; Digital Asset Companies Must Complete Registration by September 5

According to CoinDesk, Pakistan has officially launched its cryptocurrency regulatory licensing system. Digital asset-related companies must submit a No Objection Certificate (NOC) application to the Pakistan Virtual Asset Regulatory Authority (PVARA) by September 5, or cease operations. Under the Virtual Assets Act 2026, the relevant licensing rules cover 11 categories of crypto businesses, including custody, exchanges, broker-dealers, and derivatives. PVARA stated that licensed entities must comply with requirements such as client fund protection, cybersecurity, information disclosure, and transparent operations.