🇵🇰 Big Win for Crypto in Pakistan: Binance & HTX Get NOCs to Begin Registration

Pakistan has officially taken a major step toward embracing global crypto platforms. The Virtual Assets Regulatory Authority (PVARA) has granted No Objection Certificates (NOCs) to Binance and HTX, allowing both exchanges to start the formal registration process in the country.

🔍 What This Means:

●These NOCs aren’t operating licenses — but

they do give both exchanges the green light to:

●Register on the FMU’s goAML system

●Engage with SECP to establish local

subsidiaries

●Prepare full license applications once final

regulations are announced

●This follows a detailed review of governance,

compliance frameworks, and risk controls.

💬 Government’s Statement

Finance Minister Muhammad Aurangzeb said the initiative reflects Pakistan’s push for responsible innovation, stronger governance, and disciplined financial oversight.

🤖 Pakistan’s Move Toward AI-Powered Regulation

>PVARA is positioning itself as the world’s first AI-enabled virtual assets regulator, using:

>AI for VASP application evaluations

>AI-powered recruitment

>AI-assisted regulatory document reviews

>This modern infrastructure aims to elevate the country to global regulatory standards.

📈 Pakistan’s Growing Crypto Footprint

With Pakistan already ranked #3 worldwide in crypto adoption and an estimated 30–40 million users, annual local-linked digital asset trading reportedly crosses $300B.

PVARA’s early proactive approach signals a strong message:

Pakistan is open to regulated, transparent, and globally aligned crypto activity.

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