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Pakistan's crypto regulator calls for detailed Shariah and technical reviews of digital assets, not a blanket ban.

Market News
12 Jul 2026
Crypto news
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Neutral
Pakistan's crypto regulator calls for detailed Shariah and technical reviews of digital assets, not a blanket ban.

Pakistan's Virtual Assets Regulatory Authority chairman Bilal bin Saqib advocates for separate technical and Shariah assessments of different digital assets instead of a single broad ruling. This follows a religious ruling by Mufti Taqi Usmani and other scholars rejecting cryptocurrency purchases under Islamic law, citing lack of recognized wealth status. Meanwhile, Pakistan continues to develop its regulated crypto market with licensing, banking access for crypto firms, and exploration of stablecoins and tokenized assets. The regulator keeps discussions open and proceeds with drafting operational standards amid religious and technical scrutiny.

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