{"id":47612,"date":"2025-09-15T15:01:31","date_gmt":"2025-09-15T15:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47612"},"modified":"2025-09-15T15:01:31","modified_gmt":"2025-09-15T15:01:31","slug":"pakistan-opens-doors-crypto-firms-invited-to-serve-40-million-users","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47612","title":{"rendered":"Pakistan Opens Doors: Crypto Firms Invited To Serve 40 Million Users"},"content":{"rendered":"
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Pakistan\u2019s crypto regulator has formally invited large overseas exchanges and virtual asset service providers to apply for local licenses, opening a new chapter for the country\u2019s crypto market.<\/p>\n

According to PVARA, the call comes through an Expression of Interest process and it follows the passage of a new Virtual Assets Ordinance this year.<\/p>\n

Pakistan: Expression Of Interest Launched<\/h2>\n

Based on reports<\/a>, the Pakistan Virtual Asset Regulatory Authority (PVARA) is asking established crypto firms to submit EOIs if they want to operate in the country\u2019s market.<\/p>\n

The authority says it will accept applications from global exchanges and VASPs<\/a> that meet the set rules. This move is intended to create a formal, supervised avenue for international players to serve local customers.<\/p>\n

Eligibility And Compliance Rules<\/h2>\n

Reports have disclosed that applicants<\/a> must already hold licenses in at least one recognized jurisdiction, such as the US, UK, EU, UAE or Singapore.<\/p>\n

They are also expected to show strong anti-money laundering, counter-terrorism financing and KYC procedures as part of their submissions. PVARA has asked firms to provide company profiles, details of operations and security plans when they express interest.<\/p>\n

<\/p>\n

Market Size And Numbers<\/p>\n

Pakistan\u2019s authorities estimate the country\u2019s virtual-asset user base at about 40 million people, with annual trading volumes around $300 billion, figures that underline the scale of the opportunity and the challenge for regulators.<\/p>\n

Those numbers are being cited by PVARA<\/a> and several local outlets as part of the justification for bringing international exchanges into a supervised system.<\/p>\n

\"\"<\/p>\n

Regulatory Background And Timing<\/p>\n

The Virtual Assets Ordinance, which set up PVARA, came into effect earlier this year and gives the new authority powers to license and oversee virtual asset activity across Pakistan.<\/p>\n

Central bank and finance officials have said the regulations aim to align local rules with global standards advocated by groups such as the FATF<\/a>. The move follows months of planning that included talks about a possible central bank digital currency pilot.<\/p>\n

Industry observers say regulated entry could attract established exchanges and help protect consumers, while also making it harder for illicit activity to hide in unregulated channels.<\/p>\n

At the same time, companies face compliance costs and the need to adapt to local rules. Some experts point out that passing rules is one thing; enforcing them is another.<\/p>\n

The quality of oversight will decide whether the licensing program meets its aims.<\/p>\n

Featured image from PlanetofHotels.com, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pakistan\u2019s crypto regulator has formally invited large overseas exchanges and virtual asset service providers to apply for local licenses, opening a new chapter for the country\u2019s crypto market. According to PVARA, the call comes through an Expression of Interest process and it follows the passage of a new Virtual Assets Ordinance this year. Pakistan: Expression […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47612","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47612"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47612\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}