Pakistan has established its virtual asset regulatory regime in less than six months, using 8% of the budget set aside for the project, according to Bilal Bin Saqib. The country’s Minister of State and chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) disclosed the figures while speaking at Bitcoin Asia in Hong Kong on August 28, 2026. The comments highlight the speed and reported budget usage behind Pakistan’s efforts to create a framework for virtual assets. The announcement is relevant to cryptocurrency markets, including Bitcoin, as regulatory developments can shape the operating environment for digital-asset businesses and users. Bitcoin Magazine reported Saqib’s remarks. No further details about the regime, its rules, or implementation were provided in the supplied material.
Pakistan Says Crypto Rules Took Six Months and 8% of Allocated Budget
Pakistan launched its virtual asset regulatory regime in under six months while using 8% of its allocated budget, Minister Bilal Bin Saqib said at Bitcoin Asia in Hong Kong.
Related news
Based on this story’s market and assets
Bitcoin Miners’ Power Assets Attract AI, but Financing Terms Decide the Payoff
Bitcoin miners are converting power assets into potential AI data centers, but headline contract values obscure heavy retrofit costs, construction credits, debt and delivery risks. Core Scientific’s CoreWeave agreements show how customers and lenders can claim substantial value before shareholders see returns.
Binance Reopens Crypto Withdrawals in Phases After $6.3 Billion Hack
Binance has started reopening customer cryptocurrency withdrawals in phases after a record $6.3 billion exploit. Bitcoin is leading the first stage, according to CoinDesk, while details on the timing of withdrawals for other assets were not provided.
FBI Attributes $6.3 Billion Binance Crypto Theft to North Korea
The FBI says North Korea was behind the theft of about $6.3 billion in digital assets from Binance. It is urging crypto infrastructure firms, exchanges and DeFi services to block transactions tied to addresses allegedly used to launder the stolen funds.
Binance Withdrawals Resume Today: Bitcoin, Ethereum, Solana In First Phase
The post Binance Withdrawals Resume Today: Bitcoin, Ethereum, Solana In First Phase appeared first on Coinpedia Fintech News Binance will begin restoring withdrawals on Sunday, November 1, after last week’s record hack,...
Bitcoin Recovery Tested by $643 Million ETF Outflows and Rising Derivatives Exposure
Bitcoin is trading near $78,000 after a sharp selloff, but its recovery faces conflicting signals: selected derivatives exposure rose while US spot Bitcoin ETFs saw $643 million in outflows. The November 6 US jobs report could further reshape financing expectations and risk appetite.
FBI Links North Korea to $6 Billion Binance Hack and Seeks Crypto Address Blocks
The FBI says North Korea was behind a $6 billion Binance hack and has asked the DeFi community to block related Bitcoin, Ethereum and Solana addresses. Chainalysis says the attackers have used thousands of addresses, complicating efforts to track the funds.