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Pakistan Opens Banking for Licensed Crypto Firms

Published by
Sohrab Khawas

Pakistan has formally allowed banks to serve licensed virtual asset service providers under new rules issued by the State Bank on April 14, 2026. The decision overturns the 2018 ban and follows the Virtual Assets Act of March 2026, which established the PVARA regulator. Banks must conduct strict due diligence, verify licenses, monitor transactions, and report suspicious activity, without engaging in direct crypto trading. The move aims to improve transparency, reduce illicit flows, and align Pakistan with global crypto regulation standards.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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