Pakistan has opened a structured and transparent framework for global crypto exchanges, marking a historic moment for the nation. In this regard, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib announced that the issuance of No-Objection Certificates (NOCs) to Binance and HTX represents a significant step in the country’s adoption of digital assets. “This reflects new thinking and institutional change,” said Saqib during a press briefing, adding that Pakistan’s regulatory framework aims to monitor anti-money laundering (AML) and terrorist financing, bringing the country in line with global standards. Saqib said that Pakistan has not introduced a unique model, but rather adopted a phased approach similar to those implemented by major global financial centers. “Pakistan is among the first three countries in the world to embrace crypto,” he added, noting that between 30 to 40 million Pakistanis have already engaged with digital assets. He also pointed out that as the global bond market moves towards digital platforms, Pakistan must make timely and informed decisions to stay aligned with the evolving global financial system. “This framework is not only beneficial for crypto trading but also for various industries,” Saqib said, stressing that the regulatory structure would strengthen Pakistan’s sovereignty through technology in the next decade. Concluding his remarks, Saqib encouraged the youth to prepare for the future, as Pakistan continues to harness the immense potential of digital assets.
NOC issued to Binance and HTX, new era of crypto regulation in Pakistan
