Pakistan Invites Crypto Builders as Virtual Assets Act Advances

Pakistan is converting a decade of prohibition into an explicit licensing regime, which matters less for domestic trading than for the signal it sends to builders weighing where to base regulated operations. The invitation to foreign firms makes this a jurisdiction-shopping question, not just a domestic policy reversal, and it lands as other markets are still tightening access. The open question is whether the Virtual Assets Act's implementation keeps pace with the outreach, since frameworks that invite entrants before the rules are fully operational tend to produce uneven compliance and quiet retrenchment.