Pakistan makes significant progress in crypto regulation — Binance's top leadership involved
Pakistan has taken a significant step towards creating a comprehensive National Digital Asset Framework for regulations on digital assets in the country. The purpose of this framework is to provide a safe, transparent, and regulated environment for crypto technology in the country.
The Ministry of Finance announced on December 5 on the social media platform X that it held a high-level advisory meeting regarding the National Digital Asset Framework. The personalities included in the meeting were:
Finance Minister Senator Muhammad Aurangzeb
Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal bin Suhaib
Senior executives of Binance
And Binance CEO Richard Tang
The government states that the aim of this framework is to promote modern financial technology in Pakistan, ensure investor protection, and establish crypto regulation in accordance with global standards.