Pakistan invites international companies from the cryptocurrency market. These can apply for VASP licenses.
Pakistan invites cryptophirms
On Saturday, the Pakistani regulation office of virtual assets (Pvar) announced that cryptocurrency companies can already make their statements about interest (Expressions of Interest, EOI) by entering the domestic digital assets market.
This is our invitation for leading global virtual asset service providers (VASP) to cooperate in building a transparent and inclusive digital financial future for Pakistan
– said Bilal Bin Saqib, chairman of PVAR and Minister of State for cryptocurrencies and blockchain.
However, the invitation is limited to companies that already have licenses issued by other recognized regulatory bodies, including the American Commission of Securities and Stock Exchange (SEC), the British Financial Conduct Authority (Financial Conduct Authority), EU bodies, the Virtual Asset Regulation Office of the United Arab Emirates and Singapore Monetary Office.
Current, preliminary applications should include companies’ profiles, existing licenses and description of the proposed services (trade, trust, payments). In addition, officials want to get acquainted with the technological standards of stock exchanges and their security systems. Pvara announced that the point is to invite only valuable companies to the country and limit those that could prove to be a scam.
PVARA was created pursuant to the Virtual Asset Regulation of 2025 and is designed to licensed, regulate and supervise financial service providers (VASP).
Pakistan promotion at Global Crypto Adoption Index 2025
Pakistan has recently advanced to third place in the Global Crypto Adoption Index 2025 ranking from Chainalysis. This means a jump of six items. Today it is one of the fastest growing cryptocurrency markets in the world.
In May, Pakistan also announced his plan to create a government strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Bilal Bin Saqib said that this step reflects the new, pro -pro -operative approach to the market.
The country also allocated as many as 2,000 megawatts of excess electricity for artificial intelligence data centers and bitcoin mines.
