ISLAMABAD – Pakistan signaled its ambition to become key player in the global digital finance landscape, with Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority ( PVARA) Bilal Bin Saqib making to help shape future of international digital asset regulation. Speaking at Point Zero Forum in Zurich, where policymakers, central bankers, regulators and financial industry leaders gathered to discuss tokenized money and virtual assets, Bin Saqib said Pakistan is pursuing a Pakistan-first approach to digital finance. The situation continues to evolve, with further updates anticipated shortly.

Background and Context

The current development is the latest chapter in a longer and complex story.

He urged developing economies to take an active role in setting global standards for digital assets rather than relying solely on frameworks developed by advanced economies.

Per to him, governments should prioritize regulating the infrastructure supporting digital assets instead of attempting to restrict their expansion.

Alongside the primary story, addressing delegates during a panel discussion on tokenized money, stablecoins and central bank digital currencies ( CBDCs), Bin Saqib reported the international financial system is experiencing a principal transformation as digital assets increasingly redefine cross-border payments.

Political Implications

The depth of the response underscores how closely this situation is being watched.

The rules governing money are being rewritten, and Pakistan will help write them, he said, adding that money is rapidly evolving into software and that traditional financial systems based on domestic borders are changing.

Reports further indicate that the panel featured Mampho Modise and examined the regulatory challenges associated with CBDCs, stablecoins and tokenized financial systems.

Alongside the primary story, pVARA noted that Pakistan ranked third globally in the 2025 Chainalysis Global Crypto Adoption Index, behind India and the United States.

What This Means for Americans

What this means for Americans — and for the country as a whole — is becoming clearer.

Pakistan rolled out series of reforms aimed at establishing a comprehensive legal framework for virtual assets.

Adding to the complexity of the situation, the law formally regulates Pakistan s virtual asset sector and establishes the Pakistan Virtual Assets Regulatory Authority ( PVARA) as the country s dedicated regulator.

Reports further indicate that the 2026 – 27 federal budget proposes bringing digital assets more explicitly into the tax framework, with discussions on tax rates ranging from 10 % to 30 %, subject to amendments to the Income Tax Ordinance.

Adding further dimension to the story, pakistan s crypto market is transitioning from a regulatory gray area to a fully regulated ecosystem.Licensed VASPs now have access to banking services, while regulators continue to emphasize consumer protection, AML/CFT compliance and alignment with international standards, including FATF recommendations.

Of particular significance is the fact that the post Pakistan positions itself among Global Crypto Players with Major Reforms appeared first on Daily Pakistan English News.

What Comes Next

The events outlined in this report highlight the complexity and significance of the broader issue at hand. Stakeholders, policymakers, and the public are expected to closely monitor what comes next.