19 hours ago
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Key Takeaways
- State Bank of Pakistan ends 2018 ban, authorizes banks to open accounts for licensed VASPs.
- Pakistan’s informal crypto market estimated at $21–$25 billion now has a regulated entry point.
- Every licensed VASP requires a Sharia compliance board – unique globally.
- Ministry of Finance signed Binance MOU to tokenize up to $2 billion in government assets.
- Capital gains tax set at 15%, rising to 20% under IMF-backed fiscal reforms.
The State Bank of Pakistan formally ended its eight-year prohibition on cryptocurrency banking services on April 14, 2026, authorizing regulated banks to open accounts for Virtual Asset Service Providers licensed by the newly established Pakistan Virtual Assets Regulatory Authority. The move replaces the 2018 blanket ban with a structured framework following the enactment of the Virtual Assets Act 2026.
The accounts banks can offer are deli...
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