PVARA
Pakistan Virtual Asset Services Activity Specific Regulations, 2026
Notified
Read it from the source:pvara.gov.pk
Checked against the source on Oct 17, 2026.
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POLICY & REGULATIONUS stablecoin yield fight echoes Brazil's decade-old free-soda battle
Washington killed the Clarity Act over whether stablecoins may pay interest. Brazil's banks lost that argument years ago, and its lenders still posted record profits.
- NEWS
Brazil fund manager warns fiscal pullback will squeeze company margins
HIX Capital's Rodrigo Heilberg says the end of fiscal stimulus will weaken Brazilian corporate earnings next year, pushing him toward defensive stocks with predictable cash flow.
ANALYSISPakistan's stablecoin moment: what Seoul, Stockholm and Hong Kong signal
South Korea, Sweden, Thailand and Hong Kong are moving on stablecoin rules, while Binance data shows 54% of its Pakistani users are aged 18-29. Pakistan's own framework remains the open question.
POLICY & REGULATIONBank of Korea plans forex law amendment to cover stablecoin payments
The Bank of Korea says it will draft a Foreign Exchange Transactions Act amendment with the government this year to regulate stablecoins as a means of payment, as a wider crypto law and a 2027 tax near.
- POLICY & REGULATION
Bank of Thailand seeks feedback on draft rules for baht stablecoins
The Bank of Thailand has released a consultation paper proposing 1:1 deposit backing for baht-denominated stablecoins and a ban on issuers paying interest or offering returns.
NEWSToto Finance seeks $5m from Cardano treasury for tokenised copper reserve
Toto Finance wants 22 million ADA to buy COMEX-grade copper tokenised as CuTT. Under the proposal's assumptions, copper must rise about 49.4% to recover the withdrawal.
POLICY & REGULATIONRussia's central bank holds key rate at 14% as inflation risks persist
The Bank of Russia kept its key rate at 14%, citing high inflation expectations and war-related supply pressures, while slightly raising its full-year inflation forecast.
POLICY & REGULATIONRiksbank urges Sweden to revisit e-krona as stablecoins and digital euro advance
Sweden's central bank wants lawmakers to prepare legislation for a digital krona, warning foreign-currency stablecoins and a planned digital euro could weaken the currency's role in payments.
- NEWS
Raffles Family Office builds wealth services for Asia's stablecoin fortunes
Raffles Family Office, headquartered in Singapore and Hong Kong, is expanding its digital assets arm Revo, which won Hong Kong Securities and Futures Commission licences in February, to serve younger Asian billionaires holding wealth in stablecoins.
NEWSStablecoin issuers emerge as growing buyers of US Treasury debt
San Francisco Fed research puts stablecoin issuers' Treasury holdings near $200 billion, with Tether alone at $141 billion, offsetting foreign selling of US debt.
NEWSHSBC launches Hong Kong dollar stablecoin on PayMe app
HSBC has rolled out RedCoin, its first stablecoin, to PayMe users in Hong Kong, letting them send money and pay merchants, following its April licence from the HKMA.
NEWSIMF warns Pakistan's external position may weaken as imports rise
The IMF says rising imports and moderating remittances could erode Pakistan's external position, urging exchange rate flexibility and possibly tighter monetary policy.
NEWSBank of Russia registers 17 crypto exchangers as Sberbank and VTB prepare retail trading
Russia's central bank has widened its register of crypto exchange providers to 17 firms, with Sberbank and VTB holding both exchange and depository licences ahead of planned retail crypto services.
NEWSBinance launches Qafila 2026 with $1m USDC pool across MENA and Pakistan
Binance has launched a regional rewards campaign across MENA and Pakistan, citing data that users aged 18-29 make up 54 per cent of its Pakistani user base.
MARKETSRBI money market operations on 22 October: net liquidity deficit of ₹31,254.95 crore
The Reserve Bank of India's money market operations for 22 October show net liquidity absorbed of ₹1,07,990.00 crore from the day's operations, with net liquidity outstanding including today's operations at a deficit of ₹31,254.95 crore.
MARKETSKSE-100 falls over 1,300 points as oil prices and rate fears weigh
Pakistan's benchmark index dropped 0.81% to 162,589.30 by midday Friday, with analysts citing higher oil prices and caution ahead of Monday's monetary policy decision.
NEWSPiyush Goyal criticises EU carbon tax on steel, warns of higher costs
India's commerce minister told the Berlin Global Dialogue that the EU's carbon border adjustment mechanism and steel import duties would raise European costs and invite retaliation.
POLICY & REGULATIONOCC drops affiliate rewards presumption but keeps stablecoin yield ban
The OCC's final GENIUS Act rule removes a proposed presumption against stablecoin rewards paid through affiliates, while retaining the ban on issuers paying yield for holding a stablecoin.
MARKETSAnalysts split on SBP rate call as inflation heads to 10%
Growth Securities expects October inflation near 10% and a 50-100bps policy rate rise on October 26, while AKD Securities argues improved external buffers justify holding rates.
- POLICY & REGULATION
Real estate associations propose Sindh Realtors Council Act 2026
More than 18 Karachi real estate associations have presented a draft Sindh Realtors Council Act, 2026 to the Government of Sindh, seeking licensing, QR-verified registration and a welfare fund for realtors.
Active Institutional Framework Matrix
Laws, regulations and standards on virtual assets in Pakistan and internationally. Every entry links to the issuing body's own document.
Official Documents
PVARA
Pakistan Virtual Asset Services Regulations, 2026
Notified
Read it from the source:pvara.gov.pk
Checked against the source on Oct 17, 2026.
FATF
Seventh Targeted Update on Implementation of the FATF Standards on Virtual Assets/VASPs
Published
Read it from the source:fatf-gafi.org
Checked against the source on Oct 17, 2026.
Parliament of Pakistan
Virtual Assets Act, 2026 (Act No. XIII of 2026)
Enacted
Read it from the source:senate.gov.pk
Checked against the source on Oct 17, 2026.