[Pakistan Parliament Passes the 'Virtual Assets Act 2026' to Establish PVARA] On March 6, the Pakistan Parliament passed the 'Virtual Assets Act 2026,' officially establishing the Pakistan Virtual Assets Regulatory Authority (PVARA), which will be responsible for licensing and regulating virtual asset service providers within the country. The act aims to protect investors, combat money laundering and terrorist financing, and promote fintech innovation, aligning Pakistan's regulatory standards with international norms. PVARA was previously a temporary institution established by a presidential decree in July 2025, and this legislation formalizes its legal status.