In a landmark move, the federal cabinet has approved the establishment of the , which will serve as the country’s central body for , including cryptocurrency exchanges and token platforms.

The authority has been formed under the , with the aim of bringing Pakistan’s digital asset landscape in line with .

PVARA has been tasked with:

The authority will also monitor the , providing a legal framework for innovation in the digital economy.

The newly formed regulatory body will include representation from:

In addition, a will oversee the compliance of digital financial services with Islamic principles, and a will handle disputes and appeals related to licensing.

The formation of PVARA builds upon recent steps taken to modernise Pakistan’s financial ecosystem, including:

Experts believe that with the creation of a dedicated regulatory body, Pakistan is positioning itself alongside countries like , where digital finance is being embraced under structured and secure legal regimes.

The initiative is also expected to unlock Pakistan’s estimated , while protecting consumers and encouraging tech-driven economic inclusion.

This story has been reported by PakTribune. All rights reserved.