PANews reported on June 15th that, according to The Block, the Pakistan Virtual Asset Services Authority (PVARA) has released a draft of the "Pakistan Virtual Asset Services Regulations, 2026" and its accompanying business manual, soliciting written comments from various VASPs, including exchanges, custodians, brokers, and token issuers. The draft details the VASP license categories and licensing, modification, suspension, and revocation processes within the framework of the "Virtual Assets Act, 2026," and proposes rules regarding governance and senior management qualifications, market behavior and customer protection, technology and cybersecurity, operational resilience, compliance and AML/CFT/CPF requirements, as well as customer asset segregation and custody rules. The consultation period began on June 11th and will end on July 2nd at 16:00 (PKT). Comments must be submitted via email.