Pakistan Proposes a Crypto Framework
Pakistan has proposed a regulatory framework for digital assets, emphasizing compliance with international standards, particularly those set by the Financial Action Task Force (FATF).
This framework addresses concerns related to terrorism financing, money laundering, and Know Your Customer (KYC) controls. The Federal Investigation Agency (FIA) introduced this proposal, with Director Sumera Azam highlighting Pakistan’s evolving approach to digital finance.
Azam stated that the policy aims to balance technological advancement with national security, marking a significant shift in the country’s stance on digital assets.
The proposed framework requires legislative approval and input from digital asset firms operating in Pakistan, with a phased rollout expected to begin in 2026.
This initiative follows years of an anti-crypto stance, which peaked in 2023 with a proposed country-wide ban on digital assets.
