Pakistan invites international crypto companies to apply for operation license

According to ChainCatcher, Pakistan has issued invitations to international crypto companies to allow exchanges and virtual asset service providers to apply for operating licenses under the new federal regulatory framework. Pakistan Virtual Assets Regulatory Authority requires that the applicant company must have obtained a license from accredited regulators such as the US SEC, the UK Financial Conduct Authority, the EU VASPs framework, the UAE Virtual Assets Regulatory Authority and the Singapore Monetary Authority.