ECAP, PVARA hold talks on crypto framework, seek alignment between exchange firms and digital assets sector

Efforts to bridge Pakistan’s traditional foreign exchange sector with the emerging digital assets framework were discussed on April 24, 2026, as senior representatives of the Exchange Companies Association of Pakistan (ECAP) met the leadership of the Pakistan Virtual Assets Regulatory Authority (PVARA).

The meeting was chaired on the regulatory side by Minister of State Bilal Bin Saqib, and focused on coordination between exchange companies and the country’s developing cryptocurrency and virtual assets ecosystem.

According to a press statement issued Tuesday, the ECAP delegation included Chairman Malik Bostan and President Zafar Paracha, along with other senior members of the association.

During the briefing, ECAP representatives outlined the operational role of exchange companies, sector challenges, and areas where alignment with the emerging crypto regulatory framework could be developed. The delegation also highlighted the need for structured coordination as financial technologies evolve.

The discussions placed emphasis on regulatory clarity, innovation, and long-term policy consistency as key pillars for integrating traditional exchange mechanisms with digital finance systems. Both sides underscored the importance of continued engagement to identify opportunities and address emerging challenges in the sector.

Officials noted that improved coordination between regulators and exchange companies could help streamline future financial transitions while supporting a more structured digital assets environment in Pakistan.

ECAP reiterated its commitment to working with stakeholders to promote a transparent, secure, and progressive financial ecosystem, as stated in the official press release.