LAHORE – In a welcoming development, key government officials and bodies such as the Federal Cabinet, Prime Minister, and President of the Islamic Republic of Pakistan have formally passed a new law, the “Virtual Assets Act, 2025,”.
A new government body has been established to regulate this law and oversee virtual assets, while issuing licenses.
To ensure transparency and align with the standards of the Financial Action Task Force (FATF), the federal body has been given the power to enforce financial integrity and eliminate illicit activities.
The Board members will be senior government stakeholders which including the Governor of the State Bank of Pakistan, the Finance Secretary along with Secretary of Law and Justice, and, and of Information Technology and Telecommunications. Other prominent figures include the Chairpersons of the Securities and Exchange Commission of Pakistan (SECP), a federal body responsible for tax collection FBR.
Furthermore, to oversee matters related to finance, law, technology, along with virtual assets, the government of Pakistan will appoint two independent directors and a Chairperson to conduct the affairs of the federal body.
With this forward-looking legislation, Pakistan takes a significant step towards creating a secure, inclusive, and innovation-friendly digital financial ecosystem, ensuring that technological progress aligns with institutional readiness and safeguards for public interest.
