Overview
- The Pakistan Virtual Assets Regulatory Authority confirmed on Feb. 20 that its regulatory sandbox for virtual assets is officially live.
- The program targets testing of tokenization, stablecoins, remittance solutions, and on- and off-ramp infrastructure in a controlled market setting.
- All pilots will operate in a real-world environment under direct PVARA oversight to generate evidence for future rules.
- PVARA said sandbox guidelines and the application process will be posted shortly on its website to give companies a clear path to apply.
- Pakistan also signed an MoU with SC Financial Technologies to explore regulated stablecoin payments, with Reuters reporting a focus on dollar-linked transfers for cross‑border use, and PVARA’s chair engaged global firms at the World Liberty Forum in Florida.