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Deep Tide TechFlow News, June 15 — The Pakistan Virtual Assets Regulatory Authority (PVARA) has launched a public consultation on the draft "2026 Pakistan Virtual Asset Service Regulations" and the accompanying activity manual. The consultation period runs from June 11, 2026, to July 2, 2026, at 16:00 (Pakistan time).
The draft aims to establish a licensing and regulatory framework for virtual asset service providers, covering corporate governance, market conduct, client asset segregation, technology and cybersecurity, risk management, and anti-money laundering/combating the financing of terrorism (AML/CFT) requirements, along with ten types of licensing business manuals. PVARA stated that this consultation aims to improve the regulatory framework and promote alignment of Pakistan's virtual asset regulation system with the standards of the Financial Action Task Force (FATF).