HTX Moves Toward Licensing in Pakistan Under New PVARA Crypto Regime
- —HTX received preliminary approval from PVARA; a full license has not yet been issued
- —The license requires FMU registration and a subsidiary under the Companies Act 2017
- —Since April, Pakistan's central bank has allowed banks to open accounts for licensed VASPs
- —PVARA licenses custody, brokerage, derivatives, mining and token issuance
Why it matters: Pakistan is bringing a major offshore crypto market into the regulated fold, setting a model for other emerging jurisdictions.
Source: Crypto News Flash