PVARA chief and Mufti Taqi Usmani discuss crypto, Shariah considerations in ‘constructive’ meeting
Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib on Saturday met renowned Islamic scholar Mufti Taqi Usmani, with both sides holding a “constructive discussion” on digital assets and the ongoing debate over their Shariah status. In a post on X, Saqib said the meeting focused on the need to assess emerging financial technologies while ensuring protection for citizens from potential risks. “We are united on one fundamental objective: protecting Pakistanis from fraud, exploitation, and financial harm,” he said. Today, I had a constructive discussion with Mufti Taqi Usmani Sahib on digital assets and the ongoing conversation around their Shariah status. We are united on one fundamental objective: protecting Pakistanis from fraud, exploitation, and financial harm. I shared that… — Bilal bin Saqib MBE (@Bilalbinsaqib) July 11, 2026 The crypto chief said blockchain, digital assets, stablecoins and tokenised re...