Pakistan has established a specialized cryptocurrency investigation unit within its Federal Investigation Agency (FIA) as part of expanded efforts to target financial crimes involving digital
Pakistan has established a specialized cryptocurrency investigation unit within its Federal Investigation Agency (FIA) as part of expanded efforts to target financial crimes involving digital currencies.
The new unit has been formed under directions from the FIA’s director general and is tasked with investigating a range of offenses, including money laundering, terrorism financing, cybercrimes, and financial fraud connected to the use of cryptocurrencies.
Officials stated that the cryptocurrency investigation unit will actively monitor digital asset activities, employ advanced investigative techniques, and execute measures intended to promote lawful cryptocurrency use within Pakistan.
The unit operates inside the National Cyber Crime Control (NC3) division of the FIA, a central agency that coordinates anti-money laundering activities, virtual asset oversight, cyber patrols, dark web monitoring, open-source intelligence, and international cooperation through Interpol.
Dr. Muhammad Athar Waheed, director of the FIA Counter Terrorism Wing, explained that the new unit is focused solely on criminal investigations. He also called on the National Cyber Crime Investigation Agency and the Anti-Narcotics Force to replicate the model by setting up additional dedicated units to tackle crypto-linked crimes.
“The Cryptocurrency Investigation Unit will focus on criminal investigations, whereas PVARA will remain responsible for the regulation of the virtual asset sector in the country,” said Dr. Muhammad Athar Waheed.
Pakistan’s regulatory approach has intensified amid rapid growth in its crypto sector. In 2025, blockchain analytics firm Chainalysis ranked Pakistan third globally in its Crypto Adoption Index, highlighting significant participation from retail users.
To strengthen oversight, authorities launched the Pakistan Virtual Assets Regulatory Authority (PVARA). This regulatory body, currently chaired by Bilal Bin Saqib, is responsible for granting licenses to crypto exchanges and monitoring virtual asset service providers operating in the country.
The government has also initiated steps to tokenize state-owned assets and entered a partnership with a subsidiary of World Liberty Financial, which will see Pakistan utilize its USD1 stablecoin for cross-border transactions.
With the FIA’s new unit in place, regulatory enforcement is expected to become more robust, supported by technological resources and targeted investigation protocols.
Mini dictionary: FIA (Federal Investigation Agency) is Pakistan’s chief federal law enforcement body, responsible for investigating terrorism, cybercrime, financial crime, and border control violations.
Beyond regulatory challenges, Pakistan’s digital asset industry must also address ongoing religious debates. Scholars from Jamia Darul Uloom Karachi have reportedly declared that cryptocurrencies do not qualify as “wealth” according to Islamic principles, stimulating national discussions about the compatibility of digital assets with religious finance.
Debate continues, as Islamic scholars contest whether cryptocoins meet Sharia standards, adding complexity to Pakistan’s evolving crypto landscape.
Attention now turns to how efficiently the FIA’s new investigation unit will operate alongside PVARA within the maturing digital asset regulatory environment. Progress on licensing exchanges and tackling illicit activity will determine Pakistan’s emergence as a well-regulated digital asset hub in South Asia.
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