Pakistan has taken a major step in digital finance with the creation of the Virtual Assets Regulatory Authority (VARA) to oversee cryptocurrencies and digital assets.
Experts hailed the move as a landmark in Pakistan’s push to become a key player in the global crypto economy. The announcement came from Minister of State for Crypto and Blockchain Bilal bin Saqib, who said the new crypto policy is aligned with international standards and aims to unlock fresh economic opportunities.
He further disclosed that Pakistan has established strategic Bitcoin reserves, marking them as a long-term investment tool.
A recent British daily report praised Pakistan’s swift progress and proactive approach in the crypto sector, highlighting its growing global presence. Bilal bin Saqib noted that such recognition reflects Pakistan’s rising role in digital innovation. “Pakistan is now stepping forward as an active contributor to international innovation,” he remarked.
With this step, Pakistan joins countries like Switzerland and El Salvador in adopting Bitcoin reserves as part of their financial framework, underscoring its commitment to digital transformation.
As crypto is being adopted globally, PayPal Now Supports 100+ Crypto aSSETS for Business Payments
