After a meeting with Islamic scholar Mufti Taqi Usmani, Bilal bin Saqib, Chairman of Pakistan's Virtual Assets Regulatory Authority, stated that stablecoins, tokenized real-world assets, and other blockchain products should undergo separate technical and Sharia evaluations, rather than being categorized as the same type. Previously, Usmani and other scholars issued a fatwa declaring that USDT and other cryptocurrencies are not considered wealth under Islamic law, and transactions using them to purchase physical goods or digital services are invalid. Saqib did not indicate that Usmani has changed his stance. In March this year, Pakistan passed the Virtual Assets Act, requiring exchanges, custodians, and token issuers to ensure their operations comply with Sharia law under the guidance of the Islamic Finance Scholars Committee. The country is also advancing sovereign stablecoins, tokenization of national assets, and licensing for crypto exchanges. (The Block) https://(wublock123.com)/news/pakistan-crypto-fatwa-triggers-digital-asset-regulation-debate-64484