Pakistan passed the Virtual Assets Act 2026 on March 6, 2026, creating the Pakistan Virtual Assets Regulatory Authority (PVARA). The act establishes PVARA and sets its mandate to regulate digital assets and Web3 protocols.
PVARA will license virtual asset service providers (VASP), supervise centralized and decentralized exchange activity, and combat illegal finance. It will also provide regulatory clarity for token launches, fundraising and DeFi protocols; the authority was first constituted by presidential ordinance in July 2025.
The framework targets wider crypto adoption and security improvements. Pakistan ranked third globally in crypto adoption in 2025, according to Chainalysis.
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