Pakistan has set a September 5 deadline for cryptocurrency firms to apply for regulatory clearance. Under the new requirement, any company that has been serving Pakistani users since March must submit its registration application by the deadline. Once approved, firms will be required to incorporate locally in order to continue operating in the country. The move signals a push by authorities to bring digital asset service providers under a formal regulatory framework. Companies that fail to meet the September 5 deadline risk losing access to the Pakistani market. The registration and local incorporation requirements are expected to reshape the cryptocurrency landscape in the country, bringing previously unregulated platforms under official oversight.
Pakistan Sets September 5 Deadline for Crypto Firms Seeking Registration
Originally reported by
Decrypt
