Advertise
Crypto Regualtion Pakistan Update
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Pakistan’s crypto regulator, the Pakistan Virtual Assets Regulatory Authority (PVARA), is urging Islamic scholars to assess digital assets individually rather than issue a single ruling for all cryptocurrencies, according to Reuters. The move follows a June ruling by a Karachi seminary that cryptocurrencies do not qualify as wealth under Islamic law. The regulator argues that asset-backed tokens, such as gold-backed tokens, stablecoins and on-chain sukuk, should be evaluated separately. Discussions with religious scholars are ongoing and could influence future crypto adoption in the country.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
