Great news for Pakistanis
Pakistan has issued NOC to Binance and HTX
Now Pakistanis can buy cryptocurrency directly in rupees through JazzCash, Easypaisa, and bank transfers. There will be no need to pay any intermediaries (P2P person) or high fees.
Until now, when money came into the bank account from cryptocurrency, the account would freeze or FIA would send a notice. Now, with Binance and HTX receiving NOC, this risk will be almost eliminated.
Cryptocurrency can be sold directly into Pakistani bank accounts without any fear. Until now, many people incurred losses of 8-12% on P2P.
And they will be able to convert dollars received from Upwork, Fiverr into rupees directly in Pakistan. The 3-5% fee of Payoneer will be saved, and the money will arrive in the account within 5-10 minutes.
Now the common person can easily invest in Bitcoin, Ethereum, Solana, etc. There is a higher possibility of returns than the stock market.
If relatives send cryptocurrency from abroad, it will arrive in Pakistan with a 1-2% fee (compared to 8-12% of Western Union).
Cryptocurrency companies, trading platforms, and blockchain startups will come to Pakistan. Thousands of new jobs (developers, support, compliance, etc.) will be created.
When people buy cryptocurrency from abroad, dollars will come to Pakistan, and foreign exchange reserves will improve.
#Binance #crypto #cryptocurrency #htx
