

The State Bank of Pakistan (SBP) and Pakistan Virtual Assets Regulatory Authority (PVARA) have stepped up strategic coordination on digital assets, including virtual currency frameworks and regulatory roadmaps. This follows Pakistan’s MoU with Binance to explore tokenization of real-world and sovereign assets, signalling deeper engagement with blockchain innovation
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Top officials from the State Bank of Pakistan (SBP) and Pakistan Virtual Assets Regulatory Authority met to discuss closer cooperation on digital asset adoption, regulatory frameworks, and potential Central Bank Digital Currency (CBDC) implementation; priorities in Pakistan’s evolving fintech agenda. The talks come after the Ministry of Finance signed an MoU with Binance focused on tokenizing up to $2 billion of government bonds, treasury bills, and commodity reserves to bolster liquidity and attract global investors.
The engagement underscores Pakistan’s ambition to build a regulatory ecosystem for virtual assets that balances innovation, investor protection and macro-financial integrity. With preliminary clearances already granted to global exchanges like Binance and HTX to start licensing preparations, stronger SBP–PVARA alignment could help streamline future rules for digital finance and launch broader blockchain-based initiatives.
As Pakistan calibrates its digital assets strategy, tighter central bank–virtual assets authority coordination could be pivotal in transforming emerging fintech opportunities into structured, internationally aligned markets.
