Pakistan launches first compliance-based virtual asset regulation framework

PANews April 12th news, according to Tribune, Pakistan has launched its first comprehensive policy framework to regulate virtual assets and virtual asset service providers (VASPs), aiming to curb money laundering, support innovation and attract foreign investment. The policy is formulated by specialized government agencies under the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) agencies. The proposed framework requires approval from the legislature and opinions from digital asset companies operating in the country and is expected to be launched in phases starting in 2026.