Forging the Future: Policy & Regulatory Improvements for Pakistan’s Virtual Assets Ecosystem

We were pleased to see Zakwan Hazarvi (Senior Legal Associate) and M. Ayaan Shehryar (Legal Associate), Esquare Legal at the forefront of the Panel Discussion on “Forging the Future: Policy & Regulatory Improvements for Pakistan’s Virtual Assets Ecosystem” at Bahria University, Islamabad, facilitated by the Bahria University Law Moot Society.

The panel marked a defining shift—away from blanket restrictions toward a calibrated, compliance‑first regulatory posture. Discussions traversed the SECP’s evolving securities lens for tokenisation and investor protection, the non‑negotiable imperatives of FATF‑driven AML/CFT frameworks in cross‑border contexts, and the growing convergence of Shariah‑compliant principles with blockchain and fintech innovation. Equally central were the prospects of Web3 integration, central bank digital currencies (CBDCs), and the design of inclusive financial systems through forward‑looking policy.

At Esquare Legal, we navigate this complex landscape daily. Our practice is dedicated to providing top‑tier Virtual Assets solutions and frameworks—from licensing and regulatory compliance for digital asset businesses to Shariah‑structured fintech products, decentralised application advisory, and multi‑jurisdictional AML/CFT strategies. We work with multinational corporations, exchanges, and Web3 innovators across Pakistan, the Middle East, and Europe, delivering bespoke, regulation‑forward counsel that enables growth without compromise.

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