$BTC 8,120,000,000 in shorts will get liquidated if $BTC | Faisal Qadeer 1 on Binance Square

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Faisal Qadeer 1

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$BTC 8,120,000,000 in shorts will get liquidated if $BTC pumps 10%.$6,860,000,000 in longs will get liquidated if BTC dumps 10%.
The max pain is still to the upside.
BTC
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$BTC Pakistan has taken a major step toward formalizing its crypto oversight framework, with the Pakistan Virtual Asset Regulatory Authority (PVARA) officially opening applications for No Objection Certificates (NOCs) for Virtual Asset Service Providers (VASPs). This rollout follows the enforcement of the PVARA No Objection Certificate Regulations 2025, which came into effect on December 2. The move marks the beginning of a phased, structured regulatory pathway for exchanges and crypto firms looking to operate legally in the country. $ETH Under the new rules, obtaining an NOC is now the mandatory first stage for any VASP seeking entry into Pakistan’s market. The certificate grants two immediate permissions: AML registration on the Financial Monitoring Unit’s (FMU) goAML portal and approval to incorporate a local entity. With this, eligible applicants may begin offering limited AML-Registered Services—restricted to broker-dealer, custody, exchange, and virtual asset derivatives—prior to securing a full license. The framework places heavy emphasis on governance, requiring firms to appoint qualified Key Individuals who pass strict “Fit and Proper” standards. $BNB PVARA’s NOC process demands robust AML/CFT systems from day one, including real-time monitoring, sanctions screening, and secure seven-year data retention. Core compliance functions—especially MLRO responsibilities—cannot be outsourced. Once an application is submitted via Form A1, the authority must issue a decision within 60 days. Successful firms must incorporate locally and later apply for full licensing within three months of the upcoming VASP regulations. Forms and details are available on the official PVARA website. #WriteToEarnUpgrade

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BREAKING: 🇺🇸 STRATEGY BUYS ANOTHER 10,624 #BITCOIN FOR $962.7 MILLION $BTC #WriteToEarnUpgrade

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Pakistan is considering a time-bound relief scheme for crypto users, aiming to encourage traders to shift their holdings onto regulated platforms. The proposal was discussed after Binance privately disclosed in a high-level meeting that Pakistanis trade more than $250 billion annually on the exchange. Finance Minister Muhammad Aurangzeb and PVARA Chairman Bilal bin Saqib chaired the meeting, where Binance also revealed that 17.5 million Pakistanis are registered on the platform, collectively holding around $5 billion in crypto. $BTC Officials reviewed how to integrate virtual assets into Pakistan’s financial system, including sovereign debt tokenisation, compliant blockchain-based instruments, and transitioning oversight to licensed exchanges. The discussions also covered taxation principles, a phased capital-gains structure, and the proposed amnesty to bring users into the regulated ecosystem. Binance representatives argued that crypto assets could strengthen Pakistan’s liquid money supply and reduce default risks through verifiable digital collateral. Local banks voiced concerns about security, money-laundering risks, and compliance requirements. Binance responded that real-time reporting, SBP involvement, and transparent on-chain records could help mitigate these risks while enabling banks to lend against verified crypto holdings. The government reiterated its commitment to building a secure, well-regulated digital asset environment to modernise remittances, enhance financial inclusion, and support innovation across the economy. $BTC

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$BTC binance leadership privately disclosed during a high-level meeting in Islamabad that Pakistani users are trading more than $250 billion worth of crypto annually, making Pakistan one of the world’s most active markets. According to Binance, 17.5 million Pakistanis are registered on the exchange, with 4 million active traders holding nearly $5 billion in crypto assets. The revelation, shared behind closed doors with Pakistan’s top financial and regulatory officials, highlights the scale of the country’s untapped digital economy. $BTC Officials from the Finance Ministry, State Bank of Pakistan, PVARA, and senior executives of top commercial banks attended the session. Binance argued that Pakistan’s massive crypto activity could play a transformative role in the national economy, suggesting that visible, traceable digital assets could expand the country’s liquid money supply (M1), support collateralisation, and strengthen financial stability through regulated on/off ramps. Binance also briefed banks on real-time asset visibility and risk-mitigation mechanisms to address compliance and security concerns. The meeting also reviewed Pakistan’s roadmap for a regulated digital asset ecosystem, discussing tokenised sovereign instruments, modernised remittance channels, and integration of global exchanges with local financial institutions. Officials stressed the need to invest in blockchain and Web3 talent to meet rising global demand. Pakistan’s leadership reaffirmed commitment to building a secure, innovative and forward-looking crypto regulatory framework tailored to economic growth and financial inclusion. $BTC

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Pakistan is preparing to launch its first national stablecoin as the country moves toward deeper integration of virtual assets within its economy. The announcement was made by Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, during Binance Blockchain Week. He stated that the country will also work on developing Central Bank Digital Currencies as part of its long term digital finance strategy. Saqib highlighted that a stablecoin could help collateralise government debt and strengthen Pakistan’s position in global financial innovation. He emphasized that markets like Pakistan can achieve economic growth through clear, innovation friendly crypto regulation. Industry organisations have noted that Pakistan’s progress on stablecoins, digital frameworks and financial inclusion efforts could serve as a model for other emerging economies. The initiative aligns with PVARA’s mandate to curb illicit finance, protect consumers and expand opportunities in fintech, remittances and tokenised assets. Recent government moves, including the creation of a Strategic Bitcoin Reserve and the allocation of 2,000 megawatts of electricity for Bitcoin mining and AI data centres, signal a broader national commitment to building a modern and regulated digital asset ecosystem. However, there are no news about crypto regulations as crypto users in Pakistan have to face legal challenges as they use crypto exchanges and during onboarding or offboarding their digital assets. Citizens of Pakistan are eagerly waiting for clear laws in this regard while Ruppee backed stable coin might be good at national level it has hardly any impact on day to day crypto users of Pakistan and they are questioning the policy makers to provide some clarity in this regard $BTC $ETH $BNB

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