@UmairNauman_ Yes. PVARA is also doing multiple rounds with industry representatives and academia to involve as many prospects pre-application as possible.
Good times for crypto in Pakistan
Pakistan’s financial future will be built by those willing to innovate responsibly.
At the Prime Minister’s Office, Islamabad, PVARA engaged with leading technology entrepreneurs, financial innovators, and digital asset builders to discuss the future of finance, regulatory innovation, and the expansion of Pakistan’s virtual assets sandbox.
@inspirdanalyst That depends. Are we able to directly buy USDT from Binance by depositing funds to THEIR account as of today or due to this circular? How is this policy impacting users?
@comradexbt Are you guys on WhatsApp or Discord?
I'm so wary of web3 anons from Pakistan honestly, haven't had a good experience with community and products I've experienced in the past.
@ZakaWaqar@Bilalbinsaqib I just want to give a shout to you personally for your efforts in this space before any of this was even conceived by anyone here. You did it and you tried your best to help others too. You are still a ⭐️
@theintern_alpha@PakistanVARA@Bilalbinsaqib Tell me about it 😄 Similar experience with STZA for my STZ license — except they were more sophisticated. No bribe, just asked for a 10-year financial projection and return forecast.
So I gave them one. They approved it.
Turns out the magic word was "feasibility study" 🤣
@PakistanVARA One small step for Web3. One giant leap for Pakistani builders. 🇵🇰
The banking rails are finally open.
Now hoping PVARA assembles a strong team quickly — because if the builder interest I'm seeing is any indication, those application servers are about to feel it 😄
If you want to follow what I'm personally building in Pakistan's Web3 space — follow me here.
The question is no longer IF Pakistan builds its Web3 ecosystem.
It's WHO builds it. And whether you're in the room. 👇
#PVARA#Web3Pakistan#SBP#VirtualAssets#BlockchainPakistan
The 2018 ban on Pakistani banks dealing with crypto just got quietly buried.
One SBP circular. One sentence. Eight years of "SBP says no" — reversed:
"SBP Regulated Entities may open bank accounts of entities duly licensed by PVARA."
What does it mean?🧵👇
I've been building toward this moment.
#Web3 initiatives connecting #RealEstate, community capital and on-chain governance — designed for #Pakistan.
This circular makes what I've been working on less theoretical and more executable.
@MubarizSiddiqui@arhuml92 I believe they’ve already moved to a version of a digital bond, I.e. unregistered bonds are already disposed off, and now the high value bonds are only purchased as registered instruments. Theres merit in a concept of amnesty to bring in that undocumented cash back via bonds