Pakistan's regulators have introduced a compliance-focused regulatory framework for digital assets in line with the Financial Action Task Force (FATF) money laundering guidelines, The Express Tribune has reported.
The Federal Investigation Agency (FIA) has proposed the framework to address terrorist financing and money laundering, as well as to implement know-your-customer (KYC) controls.
The framework requires legislative approval and input from digital asset businesses in Pakistan, with phased implementation to begin in 2026.
After years of being against cryptocurrencies, Pakistan is shifting its regulatory stance to embrace them.