Pakistan's cryptocurrency market is experiencing significant developments. The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued No Objection Certificates (NOCs) to global crypto exchanges Binance and HTX, marking a step towards regulating the $300 billion crypto market. The PVARA aims to ensure compliance with international standards, prevent money laundering, and protect consumers. With 30-40 million crypto users in Pakistan, the government seeks to balance innovation with oversight. The regulatory framework will enable licensed exchanges to operate, providing a safer environment for users and attracting foreign investment. ¹ ²

Follow-up questions:

- What are the implications of PVARA's regulatory framework for Pakistani crypto investors?

- How will the new regulations impact the growth of Pakistan's cryptocurrency market?

- Can you provide more details on the role of PVARA in overseeing Pakistan's digital asset sector?$BTC $ETH $BNB

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