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Pakistan has launched its first compliance-based virtual asset regulatory framework.
PANews, April 12 news, according to Cointelegraph, Pakistan has launched its first comprehensive policy framework to regulate virtual assets and virtual asset service providers (VASP), aimed at curbing Money Laundering, supporting innovation, and attracting foreign investment. The policy was developed by a dedicated government agency under the AML and CTF agencies. The proposed framework needs approval from the legislative body and the opinions of digital asset companies operating in the country, and is expected to be rolled out in phases starting in 2026.