Pakistan Proposes Virtual Asset Regulatory Framework

Pakistan’s Federal Investigation Agency (FIA) has introduced a regulatory framework for virtual assets, aligning with Financial Action Task Force (FATF) guidelines.

A virtual asset media outlet reported on the 11th (local time) that this proposal seeks to adhere to global standards for combating terrorist financing, money laundering, and implementing Know Your Customer (KYC) protocols.

FIA Director Sumera Azam described it as a “paradigm shift in how we perceive digital finance,” emphasizing that the framework aims to balance technological progress with national security.