A Pakistani website says the State Bank has started piloting a wholesale digital rupee with five big banks. It cites no document, and we could find no announcement. Here is what the State Bank has actually said.
You don't need a licence to mine Bitcoin for yourself in Pakistan. You do need one to mine for anyone else. Sixteen months after the government promised 2,000MW to miners, here is what the rules say, what was promised and what has actually happened.
When the State Bank ended its remittance subsidy in July, we said we would watch whether money sent home slowed. It didn't: $7.29 billion arrived in July and August, up 14.7%. Yet our daily measure of USDT on peer-to-peer markets has never fallen to the official rate.
Bitget says its customers lost nothing in last week's $388 million theft, and its P2P market, which lists rupee trades through Easypaisa and JazzCash, reopens on Friday afternoon. Here is what Pakistan's new rulebook would require of an exchange in the same position, and what you can and cannot chec
The price Pakistanis pay for USDT on peer-to-peer markets hit its highest level in our daily series on 28 September, while the official dollar rate barely moved. It has eased since. We don't know what caused it.
Binance is not banned in Pakistan, and it holds a no-objection certificate from PVARA. That is not a licence. As of 30 September 2026, no crypto exchange in Pakistan has one.
Pakistan's finance minister and its crypto regulator spent UN week pitching a regulated digital-asset future. The regulator then gave Harvard a test for it: "The public experience is the test." We apply it.
A post seen more than 42,000 times says Pakistan is putting Bitcoin miners on landfills to run on free methane. We traced it. It rests on a 14-month-old paraphrase, and the landfill project it points to doesn't mention Bitcoin.
Trust Securities & Brokerage has told the Pakistan Stock Exchange it will apply to PVARA to run custody, exchange and transfer services. Its paid-up capital clears each licence's minimum on its own. Whether it clears all three together is PVARA's call.
A Lahore High Court bail order says receiving rupees for USDT in 2021–23 P2P trades was not, by itself, fraud. It is narrower than the headlines, and more interesting: PVARA told the court P2P trading sits outside its mandate.
PVARA, created by the Virtual Assets Act, 2026, licenses crypto businesses, not holders. What that means for Pakistani crypto users.
Pakistan has had a crypto law in force since March 2026, but no exchange holds a licence yet — here is what is settled, and what PVARA has not answered.
PVARA's own 2025 rules give Binance and HTX until about 21 November to seek a full licence. The regulator hasn't said so, and a miss need not be public.
No enacted Pakistani law taxes crypto gains, and FBR has published no guidance as of 9 September 2026 — so holders file on inference from the general capital gains rules.
Three days after PVARA's own 5 September NOC deadline passed, its website carries no update, extension or enforcement notice on the matter.
