CoinTelegraph
Crypto Crossroads: Pakistan Regulator Seeks Dialogue After Islamic Scholar Rules Against Crypto Payments
July 12, 2026•09:26 AM
Pakistan's virtual-assets regulator is racing to bridge the gap between digital finance and religious law following a high-stakes meeting with a prominent Islamic scholar. After Mufti Taqi Usmani backed a ruling against using crypto for purchases, PVARA chairman Bilal bin Saqib has called for an immediate, nuanced dialogue to prevent a total crackdown on the sector.
The regulatory push aims to ensure that blockchain technology, stablecoins, and tokenized real-world assets (RWAs) undergo a rigorous technical assessment alongside Shariah examination. By advocating for a multi-faceted approach, the PVARA hopes to protect citizens from financial fraud and exploitation while finding a legal pathway for digital asset integration within the country's unique economic framework.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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