Pakistan invites cryptocurrency companies to apply for operating licenses under the new federal regulatory framework

PANews reported on September 14 that according to Cointelegraph, Pakistan recently issued an invitation to international crypto companies to allow exchanges and virtual asset service providers (VASPs) to apply for operating licenses under the new federal regulatory framework. It is reported that the Pakistan Virtual Assets Regulatory Authority (PVARA) requires that the applicant company must have obtained a license from a recognized regulatory body, such as the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority, the EU VASPs framework, the UAE Virtual Assets Regulatory Authority and the Singapore Monetary Authority.