Pakistan Opens Doors to Crypto Firms — What It Could Mean for SHIB Holders

Pakistan’s Virtual Asset Regulatory Authority (PVARA) has opened the door for top international exchanges and virtual asset service providers (VASPs), calling for Expressions of Interest (EoIs) to secure licenses for crypto firms under a newly established federal framework aimed at shaping the nation’s digital asset economy.

Key points:

• Pakistan’s new Virtual Asset Regulatory Authority (PVARA) is inviting top global crypto firms to apply for licenses under the Virtual Assets Ordinance 2025.
• The framework aligns with FATF, IMF, and World Bank standards, requiring strict AML, CFT, and compliance measures for licensed VASPs and exchanges.
• For SHIB holders, Pakistan’s move could boost accessibility, liquidity, and legitimacy in one of the world’s most active crypto markets.

According to a report by Dawn, the PVARA has been tasked with bringing the country’s virtual asset sector in line with international benchmarks set by the Financial Action Task Force (FATF), IMF, and World Bank. Established under the Virtual Assets Ordinance 2025, the authority is empowered to license, regulate, and oversee VASPs while enforcing robust anti-money laundering (AML), counter-terrorism financing (CFT), and cybersecurity safeguards.

“This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan,” Bilal bin Saqib, chairman of PVARA and minister of state for crypto and blockchain, stated. 

Prospective applicants are required to meet stringent criteria, including adherence to AML, CFT, and know-your-customer protocols. According to reports, submissions must include company profiles, details of existing licenses and jurisdictions, service offerings, technology and security measures, assets under management, revenue records and compliance history. Crypto firms are also expected to outline proposed business models for operations in Pakistan.

Only VASPs and exchanges licensed by major international regulators will be eligible to apply. Recognized authorities include the U.S. Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority (FCA), the European Union’s VASP framework, the UAE’s Virtual Assets Regulatory Authority (VARA), and the Monetary Authority of Singapore (MAS).

Pakistan Opens Doors to Crypto Firms, a Boost for SHIB?

Pakistan’s decision to open its market to licensed global crypto firms could have significant implications for digital assets such as Shiba Inu (SHIB). With the country ranked third worldwide in crypto adoption, a regulated framework may make it easier and safer for investors to buy, sell, and hold SHIB.

Greater regulatory clarity could also enhance liquidity, expand exchange access, and pave the way for integration into fintech and remittance platforms that meet local compliance requirements.

For SHIB holders, the development signals an opportunity for increased accessibility and legitimacy in a key growth market, potentially driving stronger demand and more stable participation in the ecosystem.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.