Pakistan Establishes Digital Asset Regulatory Body

BlockBeats News, July 8th, according to Cointelegraph, the Federal Government of Pakistan has established the Pakistan Virtual Asset Regulatory Authority (PVARA) to regulate the country's digital asset industry.

PVARA will operate as an independent regulatory body responsible for issuing licenses to virtual asset service providers, conducting supervision and oversight, while ensuring compliance with international standards, including following the Financial Action Task Force (FATF) guidance.