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⛓️ Crypto🟢 BullishImportance 7/10
Pakistan's parliament passes the Virtual Assets Act of 2026
🤖AI Summary
Pakistan's parliament has passed the Virtual Assets Act of 2026, which legally establishes regulatory oversight for the country's cryptocurrency industry. The legislation includes provisions for sanctions compliance and anti-money laundering regulations, marking a significant step toward formal crypto regulation in Pakistan.
Key Takeaways
- →Pakistan's parliament officially passed the Virtual Assets Act of 2026 to regulate the crypto industry.
- →The act legally formalizes government oversight over virtual assets and cryptocurrency operations.
- →New regulations include mandatory sanctions compliance requirements for crypto businesses.
- →Anti-money laundering (AML) regulations are incorporated into the regulatory framework.
- →This represents Pakistan's move toward legitimizing and controlling its cryptocurrency sector.
Read Original →via CoinTelegraph – Regulation
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