Pakistan Compliance Report

Regulatory Overview

Regulatory Status

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

Key Regulator(s)

**Due Diligence by Regulator, **Review and Approval/Rejection, **Regulatory Oversight, **SECP's Digital Asset Regulatory Framework / Consultation Paper

Primary Legislation

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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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