Pakistan’s top crypto regulator has clarified the government’s approach to digital assets. Speaking at a press briefing, Bilal bin Saqib emphasized that the country aims for legal clarity and safety in cryptocurrency. He said, “Crypto policy based on regulation, not control: Bilal bin Saqib”.
Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), explained that the government’s goal is to regulate digital assets rather than ban them or impose strict restrictions. This approach is meant to provide a structured and transparent environment for crypto users. Crypto policy based on regulation, not control: Bilal bin Saqib was repeated to highlight the emphasis on oversight rather than restriction.
Officials noted that Pakistan has one of the fastest-growing crypto communities in the region. Millions of people actively use digital assets, making regulation critical to ensure transparency and prevent misuse. Under the new framework, platforms are required to follow anti-money-laundering rules, maintain ownership transparency, and undergo fitness checks.
Saqib also mentioned that the government has issued no-objection certificates (NOCs) to leading crypto exchanges. These certificates allow exchanges to operate while preparing for full local licensing under regulatory supervision. The phased approach is intended to balance innovation with risk management.
The policy aligns Pakistan with global trends, where countries are increasingly regulating emerging financial technologies in stages. Experts say this strategy will help attract foreign investment, protect local users, and boost confidence in the digital asset market.
Bilal bin Saqib added that Pakistan’s plan could make the country a model for crypto regulation in the region. By creating clear rules and monitoring frameworks, the government hopes to prevent fraud while encouraging responsible innovation.
The regulator concluded that the emphasis remains on creating a safe, controlled environment for digital assets. Crypto policy based on regulation, not control: Bilal bin Saqib continues to be the guiding principle for Pakistan’s evolving cryptocurrency strategy.
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