On July 22, local media reported that the Federal Investigation Agency (FIA) of Pakistan has established a cryptocurrency investigation department under the National Command and Control Center, specifically tasked with combating illegal activities involving digital assets. Muhammad Athar Waheed, head of the FIA's counter-terrorism department, stated that the department will focus on investigating crimes such as money laundering and terrorist financing using cryptocurrencies, and will collaborate with the Pakistan Virtual Assets Regulatory Authority (PVARA) for enforcement actions. Waheed also suggested that the National Cyber Crime Investigation Agency (NCCIA) and the Anti-Narcotics Force should form dedicated teams to enhance the crackdown on illegal activities involving cryptocurrencies, such as cybercrime and drug trafficking. In recent years, Pakistan has been advancing its digital asset regulatory framework. In March of this year, the Pakistani parliament passed the Virtual Assets Act, officially establishing PVARA as a permanent federal regulatory body responsible for issuing licenses to trading platforms, custodians, and token issuers. Currently, PVARA has granted operational licenses to several major cryptocurrency platforms, including Binance and HTX. Additionally, PVARA Chairman Bilal bin Saqib previously stated that Pakistan plans to launch a national sovereign stablecoin and has announced the establishment of a national Bitcoin reserve, while allocating 2,000 megawatts of electricity for Bitcoin mining and AI data center development.