Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms
Existing virtual asset providers must apply for an NOC by Sept. 5 or cease operations under Pakistan’s new regulatory framework.
Pakistan has launched a crypto licensing portal, setting a September 5 deadline for existing firms to apply for a no-objection certificate (NOC) or cease operations. The Virtual Assets Regulatory Authority (PVARA) has opened the portal after introducing regulations governing crypto exchanges and other virtual asset service providers (VASPs) operating in the country.
Companies providing virtual asset services on or before March 5 must submit an application for an NOC by September 5 or face legal repercussions. The licensing window opens the pathway for businesses to enter Pakistan's regulated virtual asset market, with defined standards for consumer protection, governance, compliance, and market integrity.
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