This jurisdiction has evolving or restrictive regulations that require careful compliance. Additional licensing, reporting, or operational constraints may apply.
Pakistan Cryptocurrency Regulatory Overview
Pakistan's regulatory stance shifted in 2025 from a de facto ban to a regulated environment with the promulgation of the Virtual Assets Ordinance. This established the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee Virtual Asset Service Providers (VASPs). While the State Bank of Pakistan still prohibits local banks from facilitating crypto transactions, the new framework signals a move towards formal recognition and control of the sector. Regulated by PVARA.
Pakistan Blockchain Compliance Requirements
Notable features: Virtual Assets Ordinance 2025, PVARA established, NOCs issued to Binance and HTX, Shariah compliance framework
Crypto Licensing Requirements in Pakistan
All Virtual Asset Service Providers (VASPs) must obtain a formal license from the Pakistan Virtual Assets Regulatory Authority (PVARA). The first step is applying for a No Objection Certificate (NOC), followed by AML registration with the Financial Monitoring Unit (FMU) and local incorporation. Full VASP licenses will be issued after these preliminary steps are completed.
Cryptocurrency Tax Treatment in Pakistan
A flat 15% Capital Gains Tax (CGT) is applied to profits from selling cryptocurrency, effective from July 1, 2025. Crypto earned from mining or staking is taxed as income.
Crypto Banking Access in Pakistan
Limited
Official Sources & Regulatory References
AML/CFT requirements may be stringent or evolving. Enhanced due diligence may be required.
Enforcement actions may be unpredictable or strict. Monitor regulatory developments closely.
Disclaimer: This information is provided for general guidance only and should not be considered legal advice. Regulations change frequently. Always consult with qualified legal professionals in the relevant jurisdiction before making business decisions.