PakistanIn July, he invited global crypto currency companies to the country through the Pakistan Crypto Money Regulatory Authority (Pvara). Local media organization DAWNAccording to the information reported by the Ministry of Finance in a statement made by the United States, European Union or Singapore licensed companies in Pakistan reportedly reportedly can apply to operate in Pakistan. More than 40 million in the country crypto currency The user was emphasized.
License Application Process for Crypto Money Companies
Pvara entered into force in July Crypto Coins Regulation and in the country Crypto Money SectorWhat a legal framework. According to the new regulation, crypto currency services were banned in Pakistan without a license. The companies that will apply for a license must meet the minimum capital requirement, prove the security infrastructure and document the compliance programs. In addition, the services to be provided must be in compliance with Islamic financial principles. This compliance will be audited by a committee of Islamic lawyers.
During the applications, companies are asked to present their current license information, operational structure, technology infrastructure, security protocols and harmony history. Also, companies Pakistani marketPlans to be implemented in the need to be announced with official documents. Authorities say that these conditions will contribute to the fact that the country is a transparent and reliable financial center.
Pakistan’s crypto currency targets
According to the data of the Ministry of Finance, the number of crypto currency users in Pakistan exceeds 40 million, while the annual transaction volume exceeds 300 billion dollars. It is stated that this potential has made the country a global market that attracts attention. Pvara President and State Minister Bilal bin SaqibIn a statement, global service providers invited Pakistan to a partner to the future of digital finance.
Country administration has been taking new steps in the field of crypto currency in recent months. Binance Founding Partner and former CEO Changpeng ZhaoA crypto council, including the one, was established, Bitcoin 
$114,911.79 It was planned to expand the mining and a state -supported Strategic Bitcoin Reserve The creation of the agenda came to the agenda.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
