Pakistan advances Virtual Assets Bill to regulate crypto services and licensing
“A Senate committee has approved Pakistan’s Virtual Assets Bill 2025, a step toward regulating cryptocurrencies and related services.”
Key points
- A Senate committee has approved Pakistan’s Virtual Assets Bill 2025, a step toward regulating cryptocurrencies and related services.
- The proposed framework includes a regulator, licensing of service providers, and compliance rules aimed at improving oversight and investor protections.
Pakistan has moved closer to creating a formal legal framework for virtual assets after a Senate standing committee unanimously approved the Virtual Assets Bill 2025, according to the report.
The proposed law is intended to bring virtual assets into the regulatory net by setting up a dedicated authority to oversee Virtual Asset Service Providers (VASPs). The framework outlined in the report includes licensing requirements, compliance obligations, and supervisory measures aimed at reducing operational and financial risks.
The article says the bill’s stated goals include improving transparency, strengthening investor protection, and ensuring better oversight of digital-asset markets.
The development was reported from a meeting of the Senate Standing Committee on the Cabinet Secretariat, chaired by Rana Mahmood ul Hassan. The report adds that Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry presented the bill and said it would help Pakistan align with evolving global approaches to digital-finance regulation.
The report also notes that the committee discussed other matters in the same session, including issues related to flood-impact data and the need for stronger disaster-response coordination.
Corrections & clarifications
Spot an inaccuracy or need more detail? Email connect@newsnexus24.com. Significant updates are timestamped above.
