Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms
Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal after notifying regulations governing crypto exchanges and other virtual asset service providers (VASPs) operating in the country. Companies providing virtual asset services on or before March 5 must submit an application for a no-objection certificate (NOC) by Sept.
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Key Facts
- Fact 1: Companies providing virtual asset services on or before March 5 must submit an application for a no-objection certificate (NOC) by Sept.
- Fact 2: 5 or cease operations, according to the PVARA licensing website.
- Fact 3: The rollout followed a public consultation held between June 11 and July 2.
- Fact 4: Related: Pakistan crypto chief seeks dialogue after scholar rules against crypto payments PVARA has already issued NOCs to some firms, including Binance and HTX in December 2025.
Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal after notifying regulations governing crypto exchanges and other virtual asset service providers (VASPs) operating in the country. Companies providing virtual asset services on or before March 5 must submit an application for a no-objection certificate (NOC) by Sept.
5 or cease operations, according to the PVARA licensing website. Operating after the deadline without submitting an application will constitute an offense, PVARA said in a Saturday press release published by the Associated Press of Pakistan. “The licensing window is officially open, creating a clear pathway for businesses to enter Pakistan’s regulated virtual asset market, with defined standards for consumer protection, governance, compliance and market integrity,” PVARA said on LinkedIn.
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Original source: Cointelegraph
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