Woofun AI reports that the Pakistan Virtual Assets Regulatory Authority (PVARA) has officially activated the country's virtual asset licensing system. The regulator noted that foundational legislation, regulatory guidelines, and the application process were established in under six months.

Under Article 70 of the Virtual Assets Act 2026, existing virtual asset service providers are required to submit a No Objection Certificate (NOC) application by September 5, 2026. Failure to meet this deadline will result in the mandatory cessation of operations.