Pakistan Crypto Licensing PVARA Permits and Bitcoin Reserve

Pakistan crypto licensing invites licensed global exchanges and service providers to apply for local operating permits under the Pakistan Virtual Assets Regulatory Authority (PVARA). Applicants must hold existing licences from recognised regulators such as the U.S. SEC, UK’s FCA or Singapore’s MAS. Applications should detail technology infrastructure, security protocols, compliance history, financial disclosures and a Pakistan-based business strategy. Oversight of PVARA licenses will be coordinated by the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and the Federal Board of Revenue. Strict AML/CFT rules and counter-terror financing regulations will be enforced. Pakistan’s crypto market boasts over 40 million users and an estimated $300 billion in annual trading volume, driving the need for robust investor protection and market transparency. This Pakistan crypto licensing framework also underpins the development of a sovereign Bitcoin reserve funded with state-held and seized BTC. The government has partnered with El Salvador on mining, blockchain policy and infrastructure expertise. Plans are also underway to allocate 2,000 MW of hydro and solar power to large-scale Bitcoin mining farms and AI data centres. These measures aim to boost fintech growth, support Islamic finance pilots and channel underutilised energy into new revenue streams.