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The Pakistan Virtual Asset Regulatory Authority issues a regulatory announcement, requiring virtual asset service providers to obtain authorization in advance.
Mars Finance news: according to an official announcement from the Pakistan Virtual Asset Regulatory Authority (PVARA), all virtual asset services fall within PVARA’s regulatory scope and must obtain prior authorization before conducting business or publicly announcing such activities. PVARA said it welcomes responsible innovation and encourages relevant parties to reach out and communicate as early as possible; innovative business can be carried out through compliance pathways such as a regulatory sandbox, a No-Action Relief Letter, and a No Objection Certificate (NOC).