[Pakistan Virtual Asset Regulatory Authority Requires Cryptocurrency Service Providers to Apply for Licenses by September 5] According to Cryptoslate, the Pakistan Virtual Asset Regulatory Authority (PVARA) has mandated cryptocurrency exchanges and related service providers operating locally to enter the licensing process by September 5, or cease operations. PVARA opened its virtual asset service provider licensing application portal on August 22 and released regulatory guidelines. Service providers already in operation are required to submit a 'No Objection Certificate' (NOC) application. Companies that fail to submit applications by September 5 must halt regulated services, and continued operations will be considered a violation. This policy applies to exchanges, custodians, and other enterprises offering virtual asset services to users in Pakistan.