Is Cryptocurrency Legal in Pakistan? Complete Guide to

Pakistan legalized cryptocurrency in July 2025 under the Virtual Assets Act, reversing the 2018 ban. The State Bank established PVARA to oversee licensing and compliance, permitting major exchanges like Binance and HTX to operate. Traders face a 15% capital gains tax and strict KYC rules, while privacy coins remain prohibited. Despite this legality, crypto is not legal tender, and the rupee retains monopoly status fo.