Pakistan
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Pakistan, Islamic Law Debate Reignites as Virtual Assets Move into the Mainstream
- According to Reuters on the 13th (local time), Bilal bin Saqib, chairman of Pakistan’s Virtual Assets Regulatory Authority (PVARA), said he discussed blockchain, digital assets, stablecoins, and real-world asset (RWA) tokens with prominent scholar Mufti Taqi Usmani.
- Saqib said digital assets cannot be judged by a single standard and stressed that they must be reviewed through both technical analysis and Sharia compliance checks.
- The renewed debate comes as Pakistan keeps moving to integrate crypto into the institutional system, making the legal and religious treatment of digital assets a central issue for market growth.