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Pakistan has introduced the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee its growing crypto industry. The new regulator aims to ensure compliance with international standards, including FATF guidelines. This move signals Pakistan’s intent to lead in digital asset regulation.
- PVARA will operate as an independent regulator for Pakistan's crypto industry.
- The authority ensures compliance with FATF and other international standards.
- Pakistan's finance ministry aims to position the country as a leader in crypto regulation.
📎 Related coverage from: cointelegraph.com
Other Tags: FATF, Financial Action Task Force (FATF)