OVER 70 GLOBAL CRYPTO EXCHANGES JUST APPLIED TO ENTER PAKISTAN 🚨🇵🇰💼
Days after the 5 September deadline, PVARA Chairman Bilal bin Saqib confirmed around 70 major global exchanges formally applied to operate legally. 🏛️📈
This marks a major transition from past banking bans to an official digital asset regime. 🌐
What regulators are rolling out next:
🔹 Cheap remittances: PVARA and the State Bank of Pakistan are building a stablecoin rail to cut overseas transfer fees from 6.3% to 1%. 💸⚡
🔸 Asset tokenisation: Exploring tokenised government debt and Roshan Digital Accounts. 📜🔗
🔹 Islamic finance: Developing a national Shariah advisory board with the Mufti-e-Azam. 🕌⚖️
Pakistan has an estimated 40 million crypto users, but the biggest hurdle is clearing strict FATF anti-money laundering checks and testing rails in regulatory sandboxes. ⚠️🛡️
have you ever sent money using crypto? 👇
#CryptoPakistan #PVARA #CryptoRegulation #Web3
Days after the 5 September deadline, PVARA Chairman Bilal bin Saqib confirmed around 70 major global exchanges formally applied to operate legally. 🏛️📈
This marks a major transition from past banking bans to an official digital asset regime. 🌐
What regulators are rolling out next:
🔹 Cheap remittances: PVARA and the State Bank of Pakistan are building a stablecoin rail to cut overseas transfer fees from 6.3% to 1%. 💸⚡
🔸 Asset tokenisation: Exploring tokenised government debt and Roshan Digital Accounts. 📜🔗
🔹 Islamic finance: Developing a national Shariah advisory board with the Mufti-e-Azam. 🕌⚖️
Pakistan has an estimated 40 million crypto users, but the biggest hurdle is clearing strict FATF anti-money laundering checks and testing rails in regulatory sandboxes. ⚠️🛡️
have you ever sent money using crypto? 👇
#CryptoPakistan #PVARA #CryptoRegulation #Web3
