The Pakistani Parliament has passed the Virtual Assets Act, establishing an official regulatory framework for digital assets and confirming the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA) as the national regulatory body. The agency will be responsible for licensing, regulating, and supervising crypto exchanges, custodians, and other virtual asset service providers, while also setting anti-money laundering and counter-terrorism financing standards. The bill was previously approved by the Senate and will next be submitted for presidential signature to become law. (The Block)