--- title: "PVARA Chairman Reports 40 Million Crypto Accounts in Pakistan" description: "Most outlets highlighted the figure of 40 million crypto account holders in Pakistan and noted that the country has become the world’s third-largest crypto market, as stated by PVARA Chairman Bilal Bin Saqib. Some also mentioned the estimated $250 billion value of the virtual asset market. While several emphasized the regulatory challenge posed by the unregulated accounts, others focused on the demographic trend, noting that most users are under 40. The framing varied slightly, with some outlets leading with the regulatory implications and others with the market size or user base." url: https://harzaviya.com/stories/5702-40-million-pakistanis-hold-crypto-accounts-as-country site: HarZaviya language: en --- # PVARA Chairman Reports 40 Million Crypto Accounts in Pakistan business · latest filing 2 Sep 2026, 1:15 PM PKT · 31 Aug – 2 Sep 2026 · 8 articles from 7 outlets over 2 developments **HarZaviya summary** — how 7 outlets covered this, generated automatically from their headlines and excerpts: > Most outlets reported that 40 million Pakistanis hold crypto accounts, with the country becoming the world’s third-largest crypto market, citing statements by PVARA Chairman Bilal Bin Saqib. Daily Pakistan added that these accounts were opened without regulation, while Minute Mirror and ProPakistani used slightly different phrasing but focused on the scale of growth. Dunya News and Daily Times framed the report as a revelation to lawmakers or the public without emphasizing the regulatory gap. ## How it developed Newest development first. Each carries its own coverage and, where we have one, our summary of it. ### 2 Sep 2026 — Pakistan emerges as world’s third-largest crypto market: PVARA chief (1 outlet) - **Aaj News (English)** — [Pakistan emerges as world’s third-largest crypto market: PVARA chief](https://english.aaj.tv/news/330470499/pakistan-emerges-as-worlds-third-largest-crypto-market-pvara-chief) · 2 Sep 2026, 1:15 PM PKT > Pakistan has emerged as the world’s third-largest cryptocurrency market, with around 40 million people holding crypto accounts, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib has said. Briefing the Senate Standing Committee on Cabinet Secretariat, chaired by Senator Rana Mahmood-ul-Hassan on Monday, Bilal said the country had only around six million active taxpaye... ### 31 Aug 2026 — PVARA Chairman Reports 40 Million Crypto Accounts in Pakistan (6 outlets) > Most outlets highlighted the figure of 40 million crypto account holders in Pakistan and noted that the country has become the world’s third-largest crypto market, as stated by PVARA Chairman Bilal Bin Saqib. Some also mentioned the estimated $250 billion value of the virtual asset market. While several emphasized the regulatory challenge posed by the unregulated accounts, others focused on the demographic trend, noting that most users are under 40. The framing varied slightly, with some outlets leading with the regulatory implications and others with the market size or user base. - **Profit** — [Pakistan ranks third globally as 40 million crypto accounts drive virtual-asset market, says PVARA chairman](https://profit.pakistantoday.com.pk/2026/09/01/pakistan-ranks-third-globally-as-40-million-crypto-accounts-drive-virtual-asset-market-says-pvara-chairman) · 1 Sep 2026, 7:48 AM PKT > Bilal Bin Saqib says most users are under 40 as regulator moves to bring crypto activity into the formal system - **Minute Mirror** — [Pakistan’s crypto market estimated at $250 billion, PVARA tells Senate](https://minutemirror.com.pk/pakistans-crypto-market-estimated-at-250-billion-pvara-tells-senate-622246/) · 31 Aug 2026, 9:49 PM PKT · 75% identical wording to the newest filing > Pakistan’s virtual asset market has reached estimated value of $250 billion, with around 40 million Pakistanis believed to have crypto-linked - **Daily Times** — [40 million Pakistanis have crypto accounts: Bilal](https://dailytimes.com.pk/1546055/40-million-pakistanis-have-crypto-accounts-bilal/) · 31 Aug 2026, 9:26 PM PKT · 85% identical wording to the newest filing > Pakistan Virtual Asset Regulatory Authority Chairman Bilal Bin Saqib has revealed that 40 million Pakistanis hold crypto accounts. He shared the figure while briefing the Senate Standing Committee on Cabinet Secretariat. Bilal said young Pakistanis have helped make the country the world’s third-largest crypto market. He also outlined plans to regulate the rapidly growing virtual […] - **ProPakistani** — [Pakistan Has 4 Crore Crypto Accounts](https://propakistani.pk/2026/08/31/pakistan-has-4-crore-crypto-accounts/) · 31 Aug 2026, 8:28 PM PKT · 81% identical wording to the newest filing > Around 40 million Pakistanis somehow have opened cryptocurrency accounts, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib told… Read More - **Dunya News** — [40 million Pakistanis hold crypto accounts as country becomes world's third-largest market](https://dunyanews.tv/en/Technology/970641-40-million-pakistanis-hold-crypto-accounts-as-country-becomes-worlds-) · 31 Aug 2026, 6:57 PM PKT · 81% identical wording to the newest filing > Pakistan has become the world’s third-largest crypto market, with around 40 million citizens holding cryptocurrency accounts, virtual assets regulator Bilal Bin Saqib told lawmakers. - **Daily Pakistan (English)** — [40 Million Pakistanis own Crypto Accounts opened without Regulation, Senate Committee told](https://en.dailypakistan.com.pk/31-Aug-2026/40-million-pakistanis-own-crypto-accounts-opened-without-regulation-senate-committee-told) · 31 Aug 2026, 4:11 PM PKT · 72% identical wording to the newest filing > ISLAMABAD – Pakistan’s crypto story is turning into regulatory headache, with 40 million Pakistanis reportedly holding crypto accounts opened without formal oversight. As authorities race to regulate booming digital-asset market, Senate has been told that a policy is also being considered to bring crypto users into the tax net. The rapidly expanding cryptocurrency market comes under […] ## Part of a bigger story Other stories whose coverage resembles this one, nearest first. "% related" compares whole stories, not single articles — see [what the percentages mean](https://harzaviya.com/methodology). - [Pakistan Establishes Virtual Assets Regulatory Framework in Six Months](https://harzaviya.com/stories/5396-pakistan-sets-up-crypto-regulatory-system-in-record-time) · 30 Aug 2026 · 4 outlets · 2 developments · 78% related - [Pakistan official says country preparing for digital economy](https://harzaviya.com/stories/5552-pakistan-ready-for-future-technology-digital-economy-bilal) · 31 Aug 2026 · 3 outlets · 2 developments · 75% related - [Pakistan's digital banking users reach 137 million](https://harzaviya.com/stories/3643-pakistan-s-digital-banking-users-reach-137-million) · 17 Aug 2026 · 2 outlets · 72% related 8 articles from 7 outlets, 31 Aug – 2 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. --- HarZaviya compares how Pakistani outlets cover the same story. 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