Govt Begins Writing Crypto Regulations With Input From Industry Leaders

Pakistan Virtual Assets Regulatory Authority (PVARA) has announced the formation of a formal consultative group to develop Pakistan’s virtual assets regulatory framework, marking a key step toward structuring the country’s digital assets market.

The development was shared by Chairman Bilal Bin Saqib during an industry briefing that brought together founders, chief executives, technologists, and financial innovators from across Pakistan’s digital assets sector.

The consultative group will work directly with the regulator to shape policy, ensuring that the framework is built with industry input rather than in isolation. Officials described the move as an effort to create a two way engagement model between regulators and market participants.

Highlighting the broader opportunity, the chairman said Pakistan receives $38.3 billion in remittances annually and has more than 100 million adults outside the formal financial system, positioning virtual assets as a potential infrastructure layer for financial inclusion.

He also urged industry players to increase investment in artificial intelligence, robotics, and blockchain, describing these sectors as interconnected drivers of a technology-led economy.

Officials said the regulator aims to provide legal clarity, licensing structures, and safeguards to make the market more secure for investors while protecting the public.

So laws are made by the very people who stand to benefit from them