Pakistan Launches Crypto Licensing Portal with September Deadline for Existing Firms

Pakistan has officially launched a dedicated portal for the licensing of cryptocurrency and virtual asset service providers. Under the country's new regulatory framework, all existing virtual asset firms are mandated to apply for a No Objection Certificate (NOC) through this portal by September 5, 2026. Failure to comply with this deadline may result in the cessation of operations for these firms.

This move marks a significant step in Pakistan's approach to regulating the crypto industry, aiming to establish a formal legal framework for virtual assets. The licensing process is intended to bring transparency and oversight to the sector, aligning it with international standards.

The regulatory authority has emphasized that the portal is part of broader efforts to integrate cryptocurrencies into the formal financial system while ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) measures.

Details regarding the licensing criteria, application procedures, and the scope of permitted activities under the new framework are expected to be published soon. Industry stakeholders are advised to prepare for the upcoming regulatory requirements to continue operations legally in Pakistan.