Crypto Regualtion Pakistan Update

Published by

Nidhi Kolhapur

July 16, 2026

Pakistan Ends 8-Year Crypto Banking Ban What the SBP’s New Rules Mean for 27M Users

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.

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