Pakistan Establishes Regulatory Authority for Digital Assets

According to Cointelegraph, Pakistan's federal government has initiated the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee the nation's digital asset sector. This new entity will function as an independent regulator, responsible for licensing, monitoring, and supervising virtual asset service providers. It aims to ensure compliance with international standards, particularly aligning with the Financial Action Task Force (FATF) guidelines. The establishment of PVARA follows a May announcement by Pakistan's Ministry of Finance, which supported the creation of this regulatory body source: https://www.binance.com/en/square/post/26667850188114?utm_source=BinanceNewsRSS