Pakistan launches Virtual Assets Act licensing framework, sets Sept. 5 NOC deadline
first published 2026-08-24T05:17:57Z
Pakistan's Virtual Assets Regulatory Authority opened a licensing portal and said firms operating before March 5 must seek a no-objection certificate by Sept. 5 or stop operating. The new framework covers exchanges, custody, brokerage, lending, derivatives, asset management, token issuance and mining-related services, and requires compliance with consumer protection, governance, cybersecurity, AML and counter-terrorism rules.
AI Analysis
The article describes a concrete regulatory rollout and an enforcement deadline for existing crypto firms, which can affect operating conditions and market access. The details are regulatory rather than price-related, so the likely trading impact is moderate.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms - Cointelegraph
- Pakistan opens VASP licensing as new crypto rules take effect - Crypto News
- South Korea speeds up Digital Asset Framework Act for fall passage - Crypto News
- Pakistan Sets September 5 Deadline for Crypto Firms to Register - Decrypt
- Pakistan Sets September 5 Deadline for Crypto Firms to Register - Yahoo Finance
- Pakistan Puts Crypto Firms on Notice as Sept. 5 Deadline Looms - Bitcoin.com
