Pakistan has set up a dedicated investigation unit to respond to crypto-related financial crimes such as money laundering and terror financing. The Federal Investigation Agency placed the unit under the newly launched National Command and Control Centre, which consolidates financial crime functions. While the unit investigates criminal misuse, the Pakistan Virtual Assets Regulatory Authority oversees market regulation and operator supervision. Pakistan is also reviewing exchange licensing, tokenisation and cross-border stablecoin use, while religious debate remains a variable.

Pakistan\'s central bank has allowed banks to open and maintain accounts for licensed virtual asset service providers, effectively ending a ban on crypto-related financial transactions in place since 2018. Banks must verify licences issued by the Pakistan Virtual Asset Regulatory Authority or accept a no-objection certificate for limited accounts. The rules require customer funds to be held separately in non-interest rupee accounts and strengthen anti-money laundering and counter-terrorism financing obligations.