Pakistan Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

Bank of Pakistan BPRD Circular No, Securities and Exchange Commission of Pakistan, Federal Investigation Agency, Ministry of Law

Primary Legislation

The Securities Act, 2015, provides for certain exemptions from prospectus requir, Securities Act, 2015

Travel Rule

Not adopted

Tax Reporting

State Bank of Pakistan (SBP): Has repeatedly issued warnings against dealing in cryptocurrencies, considering them illegal tender and a risk to financial stability. SBP has also restricted banks and financial institutions from processing transactions related to virtual currencies.. Reference: SBP Press Releases and Circulars (e.g., Press Release dated April 6, 2018, warning against cryptocurrencies). While specific URLs for all related circulars might change, the official stance is publicly available on the SBP website.. SBP Official Website: https://www.sbp.org.pk/. Securities and Exchange Commission of Pakistan (SECP): Has also cautioned the public about the risks associated with investing in virtual currencies.. Reference: SECP Investor Alerts/Press Releases.

Key Facts

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