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A Senate panel has cleared the Virtual Assets Bill 2025, paving the way for formal oversight of digital assets in Pakistan.
Read more: PVARA Launches Regulatory Sandbox For Virtual Assets
Pakistan’s Senate Standing Committee on the Cabinet Secretariat has endorsed the Virtual Assets Bill 2025, marking a decisive move toward structured regulation of digital asset activities in the country.
The proposed law aims to formally incorporate virtual assets into Pakistan’s regulated financial system. It outlines the creation of an independent oversight body tasked with supervising Virtual Asset Service Providers (VASPs), introducing compulsory licensing, and implementing compliance controls to address financial, operational and consumer-protection risks.
The legislation was approved during a committee session chaired by Rana Mahmood ul Hassan. Committee members described the measure as an important reform to support innovation while safeguarding market participants within the expanding digital economy.
Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry presented the bill, outlining its institutional framework and regulatory intent. He told the committee the initiative is designed to ensure that Pakistan’s oversight mechanisms evolve in step with global developments in digital finance governance.
Beyond the digital assets agenda, the committee also examined matters connected to a United Nations fact-finding report and discussed flood-related damage assessments in Sindh and Balochistan, calling for improved coordination and more effective disaster-response planning.
