Pakistan Virtual Asset Regulatory Authority (PVARA) has released the draft of the *2026 Virtual Asset Service Regulations* along with accompanying business guidelines and has initiated a public consultation. Feedback is open until July 2. The draft proposes establishing a licensing and regulatory framework for Virtual Asset Service Providers (VASPs), covering business categories such as exchanges, custody, brokerage, proprietary trading, derivatives, and mining. It also sets requirements for governance structures, client asset segregation, cybersecurity, risk management, and anti-money laundering. Under the new law, all VASPs must obtain a license to operate in Pakistan. https://(wublock123.com)/news/pakistan-2026-virtual-asset-service-regulations-draft-62794