Tokenization & crypto licensing in Pakistan
What the authorities publish on tokenized assets and digital-asset providers, and why it could or could not be read.
Buying crypto in Pakistan: what to know
Legal- Pakistan Virtual Assets Regulatory Authority (PVARA) — Licenses virtual asset service providers under the Virtual Assets Act 2026
- State Bank of Pakistan — Banking access for licensed VASPs
- Federal Board of Revenue (FBR) — Taxation
There is no crypto-specific tax rate; a planned crypto capital gains tax was left out of the Finance Act 2026, so general income tax rules apply.
Gains: No specific rule; general income tax rules (capital gain or business income)
- The licensing regime is new; check PVARA announcements and advisories for which providers hold an NOC or licence.
- The State Bank of Pakistan allows banks to open accounts for licensed VASPs, which changes fiat on-ramp options.
- Tax treatment is unclear; keep records.
Checked 2026-10-29 · Confidence: medium · Sources: [1][2][3][4][5]
Not confirmed: Date of the State Bank bank-account permission (April 2026 removed) · Tax treatment · No public PVARA licence register found
Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.
Found an error or something out of date? Tell us at [email protected] — we check and correct it.
What the authorities publish — and what we read
Status: Register exists, not machine-readable. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.
| Authority | Register | Finding |
|---|---|---|
| PVARA | Öffentliches Lizenznehmerregister (gesetzlich vorgesehen) | No public register about 0 entries |
| SECP | Regulatory Sandbox Kohorten | Register exists, not machine-readable |
| SBP | Regulatory Sandbox 1. Kohorte | Unclear |