PVARA cuts capital minimums, drops small-entrant relief
PVARA cut Schedule-I capital minimums up to 70% from its June 2026 draft, but also dropped the only relief route for smaller applicants.
Ahmed
Covers crypto in Pakistan: PVARA regulation, Bitcoin, exchanges, tax and Sharia questions, plus general market news. Ten years in the industry.
PVARA
PVARA notifies crypto licensing rules with no fee set
PVARA notified Pakistan's crypto licensing rules on 21 August 2026. Its own licensing page tells firms already operating to file an NOC by 5 September 2026.
Crypto & Sharia
Crypto and Islam in Pakistan: The Complete Record
Darul Uloom Karachi ruled cryptocurrency impermissible in June 2026. The ruling, its reasoning, the regulator's response, and where scholarly opinion stands — reported, not adjudicated.
Crypto Tax
Crypto Tax in Pakistan (2026): What the Law Actually Says
The widely-quoted 15% crypto tax has no enacted basis we could find — and we could not obtain the Finance Act text to rule it out. What is documented, what is only proposed, and what you still owe.
Remittances
Pakistan's $41.6bn Remittance Subsidy Just Ended
SBP scrapped the scheme that made remittance transfers free, effective 1 July 2026. For the use case that drives most Pakistani crypto activity, the maths just changed.
Mining & Energy
Pakistan Offered Miners 2,000MW. The IMF Said No to Cheap Power
The allocation is real and the duty exemptions are real. The subsidised tariff that made the numbers work is not — and the hash-rate thresholds circulating online cannot be verified.
PVARA
Tokenizing Pakistani Property: What the Law Actually Allows
The Virtual Assets Act defines asset-referenced tokens broadly enough to cover real estate — and PVARA has opened applications. What is missing is everything underneath.
PVARA
PVARA Opens First Licensing Phase — For Asset-Backed Tokens
PVARA has opened applications for Asset-Referenced Token issuance while full VASP licensing stays shut. The order it chose tells you what Pakistan is trying to build.
PVARA
PVARA's Sandbox Rules Shut Out Speculative Products
PVARA's Sandbox Guidelines 2026 require applicants to confirm their product is not designed for speculation — and put Shariah advisors into the evaluation criteria.
PVARA
Rs800m and Ten Months: What PVARA Has Actually Delivered
The ECC funded Pakistan's virtual asset regulator in September 2025. Ten months on, here is the verifiable record — what has shipped, and what has not.
Exchanges
Crypto Exchanges in Pakistan: What PVARA Status Actually Means
No exchange is licensed in Pakistan. Binance and HTX hold No Objection Certificates; Bitget is reported to have entered the NOC pipeline, which is not the same thing. None of that is a licence. What that means for your money, and how PKR actually moves.
PVARA
Pakistan's Virtual Assets Act 2026, Explained
The law that ended Pakistan's crypto grey zone — what it requires, who needs a licence, what the penalties are, and the five things it deliberately does not do.