Senate panel approves Virtual Assets Bill 2025

The Senate Standing Committee on Cabinet Secretariat on Wednesday approved the Virtual Assets Bill, 2025, paving the way for the formal regulation of the country’s virtual asset sector.

The meeting was chaired by Senator Rana Mahmoodul Hassan, where members reviewed the proposed legislation in detail before giving their approval.

The bill seeks to establish a dedicated regulatory authority responsible for licensing and supervising virtual asset service providers. It aims to introduce a framework to ensure investor protection, transparency and oversight within the sector.

With the committee’s approval, the proposed law moves forward in the legislative process as part of efforts to formalise and regulate virtual asset activities in Pakistan.