Binance has received initial permission to operate in Pakistan.
The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued No Objection Certificates (NOCs), allowing Binance and HTX to initiate the first regulatory phases in Pakistan. This means they can establish local subsidiaries and prepare applications for full licensing.
ProPakistani
✔️ Binance has also obtained Anti-Money Laundering (AML) registration, which is a significant step closer to a complete license.
Cryptonews
❗ But Binance has not yet received a complete license.
This means that it cannot be officially termed a fully regulated and legally interoperable exchange in Pakistan — it is still in the initial phase.
DialoguePakistan
🇵🇰 Government policy and regulation
📌 Pakistan has now started the process of creating a formal regulatory framework for virtual assets (cryptocurrency).
Pakistan Crypto Council, PVARA, and other bodies have been formed and the introduction of the Virtual Assets Act is being prepared.
The Star
📌 Previously, the legal situation of crypto in Pakistan was very ambiguous or a 'grey area' — meaning it was neither completely prohibited nor clearly legal — but now a regulatory framework is being established.
CCN.com
📌 Summary
❌ A fully regulated license has not yet been obtained.
✔️ Binance has received NOC and preliminary permission (legal path commenced in the first phase).
SAMAA TV
📊 Pakistan is now moving towards legalizing and regulating cryptocurrency, and in the future exchanges like Binance may receive full legal status.
#Binance #Pakistan #BinanceBlockchainWeek
