Pakistan's parliament has passed a sweeping crypto law and trading without a license could land you in prison.
Binance and HTX are already first in line, but the full licensing race is just getting started.
A Bitcoin reserve, 2,000MW for mining, and a Trump-linked stablecoin deal - Pakistan's ambitions go well beyond regulation.
Pakistan’s parliament has officially passed the Virtual Assets Act 2026, establishing a permanent legal framework for cryptocurrency in the country. President Asif Ali Zardari signed the bill into law after it cleared the Senate on February 27 and the National Assembly on March 3.
The law formally establishes the Pakistan Virtual Assets Regulatory Authority (PVARA), giving it full authority to license, regulate, and supervise all virtual asset service providers operating in the country, including exchanges, custodians, and token issuers.