PVARA
Binance and HTX's PVARA Licence Deadline Falls Around 21 November
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.
Beat
PVARA
Licensing, regulation and enforcement by the Pakistan Virtual Assets Regulatory Authority.
PVARA
PVARA silent on s.70 deadline, three days after it passed
Three days after PVARA's own 5 September NOC deadline passed, its website carries no update, extension or enforcement notice on the matter.
Crypto Regulations
PVARA licence deadline hits 5 September 2026
VASPs operating in Pakistan before 5 March 2026 must apply to PVARA for a licence by 5 September 2026 or stop operating, under the Virtual Assets Act, 2026.
Crypto Regulations
PVARA gates retail crypto futures but sets no leverage cap
New PVARA derivatives rules make licensed venues warn and report on retail futures, but fix no leverage cap. No offshore venue owes Pakistanis this yet.
Exchanges
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.
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.
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.