Reporting on crypto, regulation and digital finance in Pakistan — what happened, and what it actually means for Pakistani users.
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.
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.
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.
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.
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 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's Sandbox Guidelines 2026 require applicants to confirm their product is not designed for speculation — and put Shariah advisors into the evaluation criteria.
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.
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.
SWIFT has successfully tested a MiCA-compliant euro stablecoin for tokenized bond payments with Societe Generale, demonstrating the integration between blockchain and traditional finance.
Pakistan is stepping deeper into digital finance as Trump backed World Liberty Financial signs an MoU with the Ministry of Finance to explore stablecoins, cross-border payments, and blockchain-based innovation.
The UAE is exporting its real estate tokenization expertise to Georgia as PRYPCO partners with the Georgian government to build a compliant and transparent framework.
