#MemecoinSentiment
Cryptocurrencies were legalized in Pakistan under a presidential ordinance
President Asif Ali Zardari has signed the Virtual Assets Ordinance 2025, under which the Pakistan Virtual Assets Regulatory Authority (PVARA) has been established to oversee and regulate digital assets and cryptocurrencies.
This ordinance introduces a licensing system for Virtual Asset Service Providers (VASPs), ensures compliance with international standards and FATF guidelines, and aims to prevent illegal activities.
This ordinance was issued on July 8 under Article 89 of the Constitution and will be in effect for 120 days, as it was enacted during a parliamentary recess. Initially, it was mistakenly referred to as an "Act," but later officials clarified that it is an ordinance.$BTC
$ETH
Cryptocurrencies were legalized in Pakistan under a presidential ordinance
President Asif Ali Zardari has signed the Virtual Assets Ordinance 2025, under which the Pakistan Virtual Assets Regulatory Authority (PVARA) has been established to oversee and regulate digital assets and cryptocurrencies.
This ordinance introduces a licensing system for Virtual Asset Service Providers (VASPs), ensures compliance with international standards and FATF guidelines, and aims to prevent illegal activities.
This ordinance was issued on July 8 under Article 89 of the Constitution and will be in effect for 120 days, as it was enacted during a parliamentary recess. Initially, it was mistakenly referred to as an "Act," but later officials clarified that it is an ordinance.$BTC
$ETH
