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Pakistan Virtual Assets Regulatory Authority

Coverage of Pakistan Virtual Assets Regulatory Authority in the Nexus archive.

Earliest in view: Jul 11 · 15:15 UTCMost recent: Jul 11 · 15:15 UTC
Co-mentioned in this coverage
Bilal bin Saqibperson1Mufti Taqi Usmaniperson1Darul Ifta, Jamia Darululoomorganization1Fatwatopic1Shariahtopic1cryptocurrencytopic1
Recent coverage
  • BUSINESSJul 11 · 15:15 UTCDAWN
    Crypto czar holds 'constructive' discussion with Mufti Taqi Usmani on Shariah status of digital assets

    Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib discussed the Shariah status of digital assets with Mufti Taqi Usmani after a fatwa declared cryptocurrency transactions impermissible. The fatwa, issued by Darul Ifta, Jamia Darululoom, argued cryptocurrency is not recognized as 'maal' (wealth) in Sharia law. Saqib emphasized the need for technical and Shariah assessments of blockchain technologies to ensure regulatory and ethical compliance.

Pakistan Virtual Assets Regulatory Authority · Dossier · The Nexus