binanceinpakistan

Meet Bilal Bin Saqib: The Visionary Driving Pakistan's Crypto Revolution!
As a renowned British-Pakistani entrepreneur and blockchain expert, Bilal Bin Saqib is spearheading Pakistan's cryptocurrency and blockchain initiatives. His appointment as Chief Advisor to the Finance Minister on Pakistan's Crypto Council in March 2025 marked a significant milestone in the nation's journey towards embracing digital finance.
A Trailblazer in Blockchain and Social Impact
Bilal's expertise in blockchain is matched by his passion for social innovation. He founded (link unavailable) to tackle water scarcity and co-founded the One Million Meals initiative, showcasing his commitment to harnessing technology for positive change.
A Leader in Digital Finance and Emerging Markets
Bilal's work in blockchain is part of his broader mission to develop digital finance solutions for emerging markets. His leadership has earned him notable recognition, including:
An MBE award in 2023
A place on Forbes' 30 Under 30 Asia list
Shaping the Future of Crypto in Pakistan
As a key architect of Pakistan's cryptocurrency strategy, Bilal is driving the development of a secure and well-regulated framework for digital assets. His vision and expertise are poised to transform Pakistan's financial landscape, cementing his status as a pioneer in the crypto space.
#CryptoForGood #BlockchainForPakistan #BinanceInPakistan #CryptoRevolution #Innovation"

#Pakistan ’s Virtual Assets Regulatory Authority has issued No Objection Certificates to Binance and HTX, allowing both global crypto platforms to begin formal registration and engagement activities in the country.The approval follows a review of governance, compliance, and risk controls conducted with public-sector stakeholders.The NOCs permit the companies to register on the FMU goAML system, engage with SECP to set up local subsidiaries, and prepare their full licence applications once regulations are finalized. The certificates are not operating licences.
“The introduction of this structured NOC framework demonstrates Pakistan’s commitment to responsible innovation and financial discipline.”said the Finance Minister Senator Muhammad Aurangzeb.

As part of its digital transformation, #PVARA is becoming the world’s first AI-enabled virtual assets regulatory authority. The Authority has already deployed an AI-powered application evaluation system used in reviewing VASP submissions, an in-house AI-enabled recruitment portal, and an AI-assisted regulatory document review tool. These capabilities enhance supervisory efficiency and align Pakistan with global regulatory standards.

With Pakistan already ranked third globally in #crypto adoption and trade in Digital Coin like $BTC $ETH $BNB and home to an estimated 30 to 40 million users, Industry-wide assessments estimate that annual digital asset trading activity linked to Pakistan exceeds USD 300 billion. The Authority has prioritized timely, structured regulation to bring market activity into a compliant, transparent, and internationally aligned framework.
#BinanceinPakistan #news

Assalam-o-Alaikum Crypto Seekhnay walay dostoo! Aaj hum baat karne ja rahe hain aik aise platform ke baare mein jo duniya ka sab se bara aur mashhoor crypto exchange hai — Binance. Agar aap crypto mein naya safar shuru kar rahe hain to Binance aapka sab se pehla step ban sakta hai.
📌 Binance aik global cryptocurrency exchange platform hai jahan log digital coins jaise Bitcoin, Ethereum, BNB, aur doosri cryptocurrencies buy, sell, aur trade karte hain. Binance ka head office pehle China mein tha lekin ab ye worldwide operate karta hai, aur ye 100 million se zyada users ka bharosa jeet chuka hai.
🧠 Binance par account banana bilkul free hai aur is par aap sirf apni email aur CNIC ki madad se verification kar ke shuru kar sakte hain. Account banate hi aapko ek wallet milta hai jisme aap apne coins securely rakh sakte hain.
💱 Binance par kai tareeqay hain crypto khareedne aur bechne ke. Sab se easy tareeqa hai P2P (peer-to-peer) jahan aap local logon se directly crypto le ya bech sakte hain — aur payment aapke bank account, JazzCash, Easypaisa ya bank ke zariye hoti hai. Doosra tareeqa hota hai Spot Trading, jahan aap charts aur price analysis ke zariye market se fayda utha sakte hain.
🔐 Binance ki khas baat ye hai ke ye aapke funds aur data ko protect karne ke liye top-level security use karta hai. 2FA (two factor authentication), anti-phishing codes, aur secure wallet system Binance ko bohat safe banata hai.
📊 Binance sirf trading platform nahi, ye aik complete crypto ecosystem hai jahan aap learning, earning, staking, farming, aur NFTs tak ka safar tai kar sakte hain. Aap Binance Academy se free mein seekh sakte hain, aur Binance Feed par article likh kar paisay bhi kama sakte hain.
🌍 Binance duniya ke har kone mein use hota hai, lekin khas tor par Pakistan, India, Bangladesh, aur overseas communities mein iska use bohat tez ho raha hai. Har level ka user — chahe beginner ho ya pro trader — Binance ko asaani se use kar sakta hai.
Writer: Rana Umar Minhas
#Binance #P2PTrading #learn2earn #RanaUmarMinhas🇵🇰 #BinanceinPakistan $BNB

#Binance #BinanceinPakistan
CZ Joins Pakistan’s Crypto Council: A New Chapter for Crypto Adoption.
Changpeng "CZ" Zhao, co-founder and former CEO of Binance, has officially joined Pakistan’s newly established Crypto Council as a strategic adviser. This significant move highlights Pakistan’s growing commitment to adopting cryptocurrency and blockchain technology within its financial system.
Why Pakistan is Turning to Crypto?
1. Financial Inclusion for the Unbanked:
A large segment of Pakistan’s adult population remains outside the traditional banking system. Cryptocurrencies provide an alternative way for these individuals to access and engage with financial services.
2. High Volume of Remittances:
As one of the top countries for receiving remittances, Pakistan can greatly benefit from crypto’s lower transaction fees and quicker international transfers.

3. A Young, Tech-Savvy Population:
With over 60% of its population under the age of 30, Pakistan is home to a dynamic and adaptable youth who are more likely to embrace digital financial solutions.

4. Economic Challenges:
Ongoing issues such as rising inflation and a weakening national currency have prompted many Pakistanis to explore crypto as a hedge against financial uncertainty.
What CZ’s Role Means for Pakistan?
Bringing CZ on board as a strategic adviser is expected to bring several advantages:
Credibility Boost: His global reputation adds legitimacy to Pakistan’s crypto initiatives and regulatory ambitions.
Access to Global Knowledge: CZ’s deep industry expertise will help shape effective strategies and policies.
Increased Investor Interest: His presence may attract international investors, unlocking new growth opportunities for the local crypto ecosystem.
Stronger Regulations: With guidance from seasoned experts like CZ, Pakistan can develop clearer, more robust regulatory frameworks.
Looking Ahead
CZ’s appointment signals a bold step forward in Pakistan’s journey toward digital finance. With the right guidance and support, the country is poised to become a significant player in the global crypto space.

Binance, the world's largest cryptocurrency exchange, has experienced a tumultuous yet transformative journey in Pakistan. What began as an unregulated, often-maligned platform viewed with religious suspicion has now moved towards a meticulously structured regulatory framework. This evolution reflects not only Pakistan's changing stance on digital assets but also the global maturation of the cryptocurrency industry.
The Islamic Perspective: From Doubt to Deliberation $
In its nascent stages, the very concept of cryptocurrency, and by extension platforms like Binance, faced significant skepticism from Islamic scholars. The primary concerns revolved around fundamental Islamic finance principles:
The Initial Islamic View (2017-2023): A Zone of Prohibitions
.Gharar (Excessive Uncertainty): Early on, many scholars viewed cryptocurrencies as lacking tangible value or clear underlying assets, likening them to speculative ventures with inherent ambiguity, thus making them potentially impermissible.
.Maysir (Gambling): The extreme price volatility of digital assets often led to comparisons with gambling, where outcomes are uncertain, and wealth is created at another's loss, which is strictly forbidden in Islam.
.Riba (Interest): Binance's early offerings, particularly its "Earn" products and margin trading, involved interest-based lending and borrowing, a direct violation of Islamic financial law
The Modern Islamic View (2024 Onwards): Nuance and Permissibility
As the crypto industry matured, so did the scholarly discourse. Today, a more nuanced understanding prevails, differentiating between permissible and impermissible activities on Binance:
.Spot Trading (Generally Halal): The consensus among contemporary Islamic scholars is that purchasing a cryptocurrency outright (spot trading) is akin to buying a commodity. Provided the underlying project is Shariah-compliant (i.e., not involved in gambling, pornography, or interest-based finance), this activity is generally considered permissible.
.Shariah-Compliant Staking & Earning: Binance has proactively addressed religious concerns by introducing Shariah-compliant staking services. These products are designed to generate rewards from network participation (Proof of Stake) rather than interest, often verified by reputable Islamic finance advisory firms like Amanie Advisors.
.Futures & Margin Trading (Haram): Activities involving leveraged trading, futures, and options continue to be largely considered impermissible (Haram) due to elements of selling what one does not own (gharar) and the presence of interest (riba) in margin financing.
The global shift in Islamic finance towards embracing ethical innovation means that responsible engagement with Binance's Shariah-compliant offerings is now widely accepted.
Why Pakistan Initially Restricted Binance: The Regulatory Labyrinth
For years, Binance operated in a legal "grey area" within Pakistan. While millions of users actively traded on the platform, it lacked official recognition and banking integration. The reasons for this prolonged regulatory caution were multifaceted:
The 2018 SBP Circular: The State Bank of Pakistan's directive in 2018 explicitly prohibited banks from dealing with cryptocurrencies. This measure was primarily aimed at:
.Combating Money Laundering (ML) & Terrorist Financing (TF): Global financial watchdog FATF (Financial Action Task Force) pressure was a key driver, pushing Pakistan to control unregulated financial flows.
.Preventing Capital Flight: The government feared that an open crypto market could lead to a significant outflow of Pakistani Rupees (PKR) into digital assets (like USDT), further depleting the nation's foreign exchange reserves and destabilizing the local currency.
2.Lack of Legal Framework: Without specific legislation defining virtual assets, the government found it challenging to regulate, tax, or even acknowledge platforms like Binance. This legal vacuum made direct integration with the formal financial sector impossible.
3.Consumer Protection Concerns: The inherent volatility and potential for scams in the unregulated crypto market also raised concerns about protecting Pakistani investors.
The Timeline: Binance's Journey in Pakistan (2017-2026)
The narrative of Binance in Pakistan is a dynamic one, marked by shifts from outright prohibition to a structured regulatory approach.
.2017 - 2019: The Era of Strict Prohibition & Underground Trading
This period was characterized by the SBP's strict circular banning crypto transactions. The Federal Investigation Agency (FIA) initiated sporadic crackdowns, making it a high-risk environment for traders. Binance operated largely underground, with users relying heavily on informal channels.
.2020 - 2023: The "Grey Area" & P2P Boom
Despite the ban, cryptocurrency adoption surged. The economic volatility in Pakistan pushed many towards crypto as a hedge against inflation. Binance's P2P (Peer-to-Peer) trading became the dominant method for converting PKR to crypto, bypassing traditional banks. Public interest intensified, leading to landmark high court cases (e.g., Waqar Zaka's petition), pushing the government towards considering regulation rather than outright prohibition.
.2024 - 2025: Regulatory Momentum & Framework Development
The government, recognizing the futility of a complete ban and the potential for a new revenue stream, began drafting a regulatory framework. The Pakistan Crypto Council (PCC) was established to advise on policy. Crucially, the SBP clarified that merely holding cryptocurrency was not illegal, though bank facilitation remained restricted. This period saw increased engagement between industry stakeholders and regulators.
.Today (January 2026): Regulated Entry & Formal Recognition
This marks a pivotal moment. The Pakistan Virtual Assets Regulatory Authority (PVARA), established through the Virtual Assets Ordinance promulgated in late 2025, has granted Binance a No Objection Certificate (NOC). This allows Binance to register its local entity, begin the process of formal integration, and eventually offer direct bank deposits. Binance has also signed an MoU with the Ministry of Finance to explore tokenizing state assets, signifying a collaborative future. While P2P remains active during this transitional phase, the path is now clear for direct banking integration once the final Virtual Assets Act is fully implemented
The Future: Binance as a Regulated Entity in Pakistan
As of early 2026, Binance is no longer operating in the shadows. With the PVARA's approval, it is moving towards becoming a fully regulated entity within Pakistan's financial ecosystem. This transition brings several implications:
.Taxation: Digital asset gains will now be subject to Capital Gains Tax and other applicable levies, ensuring revenue generation for the government.
.AML/CFT Compliance: Binance will be required to fully integrate with Pakistan's Anti-Money Laundering and Counter-Financing of Terrorism reporting systems (e.g., goAML), enhancing financial transparency and security.
.Consumer Protection: With regulatory oversight, mechanisms for investor protection, dispute resolution, and clear operational guidelines will be established.
.Economic Integration: The formal recognition of virtual assets opens doors for blockchain innovation, potentially attracting foreign investment, and fostering a digital economy in Pakistan.
The journey of Binance in Pakistan is a testament to the irresistible force of technological innovation meeting the immovable object of traditional regulation. The current landscape in 2026 demonstrates a pragmatic acceptance, marrying Islamic principles with modern finance, and moving Pakistan towards a more digitally integrated future.
#BinanceinPakistan #WriteToEarnUpgrade #StrategyBTCPurchase
$BTC $ETH $BNB

In the beginning, there were stones. Polished, round, and laboriously hewn, these stones became whispers of worth between neighbors and tribes.
Seashells followed, their intricate patterns as valuable as their scarcity. Humanity, ever restless, sought a way to make trade lighter, to detach value from the weight of things. Thus, gold coins shimmered into existence, their radiance a testament to civilization’s dreams.
Then came paper—an alchemy of trust and ink. A promise from kings and governments that these slips held the same worth as gold locked away. Money, once tangible and tied to the earth, became ethereal, an idea—a fiction sustained by collective belief.
Fast forward centuries, and the clinking of coins gives way to the hum of computers. Money dematerialized into binary code, a flow of zeros and ones that traversed the globe in milliseconds. And yet, even this marvel, this digital money, clung to the pillars of old systems—banks, governments, central authorities.
But there was a rebellion brewing in the quiet corners of cyberspace. It began as whispers among mathematicians, cryptographers, and dreamers. Could money exist without intermediaries? Could trust be coded? And so, in 2008, the world met Bitcoin, a digital phoenix rising from the ashes of the financial crisis. Its creator, shrouded in mystery as Satoshi Nakamoto, laid the foundation for what we now call cryptocurrencies.
Bitcoin was more than money; it was defiance, an anthem for decentralization. No longer would trust be bestowed upon banks or states. Instead, a distributed ledger, the blockchain, would carry the burden of truth. But with great freedom came profound questions. If money was an idea, what, then, was Bitcoin? Was it money? An asset? A commodity? Or something entirely new?
In Pakistan, this question echoes in courtrooms and policy debates. Cryptocurrencies defy traditional classifications. They lack the stability of currency, their value swinging like a pendulum in a storm. They are not commodities in the traditional sense, for their worth is not tied to the tangible. Yet, they are undeniably valuable in terms of securities, trading hands in millions every day.
David Fox, in his erudite treatise on money, reminds us that to be currency, an object must meet two thresholds: legality and universal acceptance. Cryptocurrencies, though revolutionary, fail this test. They are not legal tender in Pakistan, nor are they universally embraced as a medium of exchange. As courts in the US and UK have ruled, cryptocurrencies are closer to commodities than currency. They are traded not for daily necessities but for speculative gain, much like gold or silver​.
And yet, the answer is not to ban them outright. To do so would be akin to shutting the door on history itself, to stifle innovation with the chains of fear. Regulation, not prohibition, is the path forward—a truth recognized by progressive jurisdictions like the European Union and Japan.
Why regulate? The reasons are manifold. Cryptocurrencies offer financial inclusion to Pakistan’s unbanked millions. They are transparent, their transactions recorded immutably on the blockchain. They hold potential as hedges against inflation, a godsend in economies where currency values are perpetually in flux.
But regulation also addresses risks. Without oversight, cryptocurrencies can become havens for illicit activities—money laundering, tax evasion, and fraud. By bringing them into the legal fold, Pakistan can impose taxes on crypto gains, ensuring that the state benefits from this burgeoning market​.
The EU’s Markets in Crypto-Assets (MiCA) framework is a model worth emulating. It recognizes cryptocurrencies as digital assets, setting rules for exchanges, wallets, and issuers. Similarly, Japan treats cryptocurrencies as property, with strict anti-money laundering measures in place. These examples demonstrate that regulation does not stifle innovation; rather, it fosters it by providing clarity and trust​.
In contrast, countries that have chosen outright bans, like China, have seen crypto activity persist in the shadows, beyond the reach of law enforcement. Prohibition, far from solving problems, only exacerbates them.
For Pakistan, the stakes are high. Ranked third in global crypto adoption, the country’s youth are already immersed in this digital revolution. The State Bank of Pakistan’s blanket prohibition, based on a 2018 circular, has not stopped crypto trading but driven it underground. This approach not only denies the state its share of tax revenue but also leaves traders vulnerable to scams and blackmail​.
In the uncharted waters of crypto trading, Pakistani merchants often find themselves trapped in a vicious cycle of harassment and extortion at the hands of authorities. Among the central grievances is the role of the Federal Investigation Agency (FIA), whose actions have been criticized as a blatant misuse of regulatory ambiguities surrounding crypto transactions.
It is time to embrace regulation. By treating cryptocurrencies as assets rather than currency, Pakistan can create a framework that safeguards investors, generates revenue, and fosters innovation. Agencies like the SECP and PTA must collaborate to establish licensing regimes for exchanges and enforce robust KYC (Know Your Customer) protocols.
In a nut-shell, money, at its heart, is a story we tell ourselves. From stones to shells, from gold to Bitcoin, it evolves as society’s needs change. Cryptocurrencies are the next chapter in this narrative. They are not the end of money as we know it but its metamorphosis.  Pakistan must not cling to old pages but turn to new ones, writing its future with foresight and courage.
Let this be the beginning—a tale of innovation tempered by wisdom, of progress guided by regulation. In this story, Pakistan can emerge not as a bystander but a leader, shaping the future of money for generations to come.
The author is a lawyer based in Islamabad.
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