Wu Blockchain has learned that the State Bank of Pakistan issued Circular No. 10 of 2026, replacing the 2018 ban on handling virtual assets under the Virtual Assets Act (2026). The new regulation allows its supervised entities to open bank accounts for virtual asset service providers (VASPs) and their clients, provided they are licensed by the Pakistan Virtual Asset Regulatory Authority (PVARA). Regulatory requirements include license verification, conducting due diligence, and setting up segregated client fund accounts for settling authorized transactions. Mixing of funds, cash deposits/withdrawals, and using virtual assets as collateral for financing are prohibited. Entities must also continuously monitor transactions and comply with anti-money laundering (AML) regulations. Additionally, only institutions with a no-objection certificate can open limited-purpose accounts, and supervised entities are prohibited from using their own or client funds to invest, trade, or hold virtual assets. https://(wublock123.com)/news/pakistan-central-bank-lifts-virtual-asset-ban-allows-licensed-vasp-accounts-59592