🇵🇰 Big News for Crypto in Pakistan!
Pakistan’s Virtual Assets Regulatory Authority (PVARA) has officially issued No Objection Certificates (NOCs) to Binance and HTX, marking a major step toward a fully regulated crypto ecosystem in the country.
This approval came after a detailed review of:
Governance & compliance systems
Risk-management frameworks
Alignment with Pakistan’s emerging VASP regulations
⚠️ Important:
This is not a full operating license yet.
The NOC only allows Binance & HTX to:
• Register on the FMU goAML system
• Engage with SECP to set up local regulated subsidiaries
• Prepare and submit complete VASP license applications once the framework is finalized
• Provide AML-registered services after goAML registration
This phased approach shows Pakistan is moving toward responsible, transparent, and globally aligned crypto regulation — without rushing the process.
💬 Finance Minister Muhammad Aurangzeb said this framework reflects Pakistan's commitment to “responsible innovation and financial discipline.”
📌 Another huge development:
PVARA is becoming the world’s first AI-enabled virtual assets regulatory authority, already deploying:
AI-powered application evaluation
AI-assisted regulatory document review
AI-enabled recruitment portal
This positions Pakistan among forward-thinking countries adopting modern oversight systems.
🚀 Overall sentiment:
Pakistan is taking a structured, compliance-driven path — and the inclusion of Binance & HTX is a strong signal for the future of Web3 in the region.
