Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward

Bitcoin Magazine Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade,  Announcing the news in an X post Friday, Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to come to the country and set up shop.   Pakistan’s Virtual Assets Act introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space.  8 years of prohibition end today.Chairman PVARA @BilalBinSaqib announces the notification of the Licensing Regulations and the opening of the licensing portal, and sets out what licensing requires of providers and what it guarantees consumers.Get licensed.

Get compliant.

Come… pic.twitter.com/STVPsoX1so— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) August 21, 2026 “For approximately a decade, Pakistan’s answer to virtual assets was complete permission and complete ban — but history tells us that technology never waits for permission,” Bin Saqib said.  He added: “To the companies watching Pakistan from outside, the front door is open for you.

Come, get licensed. Come, get banked. Come, build here under rules that are clear, public and enforceable.”  In a separate post, Bin Saqib said that the country now has “the rules, the regulator and the licensing...