Chairman Pakistan Virtual Assets Regulatory Authority and Minister of State Bilal Bin Saqib holds key meeting with stakeholders of the digital assets industry on Thursday.
Bilal Bin Saqib highlighted rapidly changing regulatory landscape in Pakistan’s digital assets sector and reiterated the government’s commitment to intensify efforts to regulate digital assets market and make it an engine of the country’s economy.
Bilal bin Saqib said an advisory group to develop legal framework for digital currencies and virtual assets, which will take the digital assets sector out of the gray market and make it part of the documented economy.
He said that Virtual Assets Regulatory Authority will provide full facilities to those investing in the digital economy.
Bilal bin Saqib said in just 9 months, Virtual Assets Regulatory Authority was made an active and independent regulatory body.
Minister of State said Pakistan Virtual Assets Regulatory Authority is the sole body responsible for licensing and supervision under the Act. The tech experts expressed confidence in Virtual Assets Regulatory Authority.
