VASP licensing Pakistan Flash News List | Blockchain.News
Flash News List

List of Flash News about VASP licensing Pakistan

Time Details
2025-12-06
05:23
Pakistan Fast-Tracks National Digital Asset Framework: VASP Licensing, On/Off-Ramps, AML/CFT and Tax Roadmap Signal Regulatory Shift

According to @cz_binance, Pakistan’s Ministry of Finance hosted a high-level consultative meeting on a National Digital Asset Framework co-chaired by Finance Minister Muhammad Aurangzeb and PVARA Chairman Bilal Bin Saqib, with State Bank leadership, major bank presidents, and Binance executives including CEO Richard Teng participating, source: @cz_binance on X; @Financegovpk on X. Priority actions discussed include responsible rollout of fiat on/off-ramp infrastructure, strengthened AML/CFT standards, greater market transparency, and deeper integration of regulated financial institutions, source: @Financegovpk on X; @cz_binance on X. The meeting covered a structured licensing regime for Virtual Asset Service Providers, oversight via licensed exchanges, phased capital gains taxation, and a time-bound amnesty designed to migrate users to regulated platforms, source: @Financegovpk on X. Economic use cases highlighted were formalizing citizen-held virtual assets, using blockchain to reduce costs across Pakistan’s USD 38B annual remittance flows, building local Web3 talent, and exploring sovereign debt tokenization to expand liquidity and investor access, source: @Financegovpk on X. Bank presidents shared views on custody and risk management as Pakistan prepares a regulated digital asset environment, while officials reaffirmed a forward-looking regulatory stance that balances user protection with innovation, source: @Financegovpk on X. For traders, key watchpoints are forthcoming announcements on fiat on/off-ramp infrastructure, the VASP licensing rule set and timeline, and capital gains and compliance measures intended to shift activity onto regulated exchanges serving Pakistan, source: @Financegovpk on X.

Source