Pakistan opens Virtual Asset Licensing Regime, sets September 5 deadline for existing operators

Profit by Pakistan Today reported that Pakistan has begun licensing Virtual Asset Service Providers, bringing digital asset trading under formal oversight. The Pakistan Virtual Assets Regulatory Authority, or PVARA, now accepts licence and No-Objection Certificate applications through its online portal. Under Section 70 of the Virtual Assets Act, 2026, every active virtual asset business must file for a No-Objection Certificate ahead of the September 5, 2026 deadline or close down.

This launch came after recent coordination with the State Bank of Pakistan, which has created formal banking access for licensed virtual asset firms. Fewer than six months have passed since the government moved from lawmaking to enforcing rules. The authority built the system to tighten compliance and accountability, protect consumers and improve transparency. It also aims to bring Pakistan in step with worldwide virtual asset markets.

Companies that already operate and those hoping to enter can check the specific rules through the PVARA portal. Documents can be submitted directly on the same platform.