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Pakistan's new regulatory body meets, considering lifting a ban on virtual currencies imposed in 2018.
Pakistan’s new Virtual Assets Regulatory Authority (PVARA) held its first meeting, discussing plans to potentially lift a 2018 ban on virtual currencies.
PVARA aims to create a regulatory framework aligning with global AML/CFT standards and encourage innovation in virtual assets.
The authority will hold bi-monthly meetings to consult stakeholders and develop licensing rules, while the State Bank of Pakistan warns against immediate legalization without proper oversight.
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El nuevo organismo regulador de Pakistán se reúne, considerando levantar la prohibición de las monedas virtuales impuestas en 2018.