Great news for Pakistanis
Pakistan has issued NOC to Binance and HTX
Now Pakistanis will be able to buy crypto in rupees directly from JazzCash, Easypaisa, bank transfer. No middleman (P2P guy) or high fees will have to be paid.
Till now, if money came from crypto to the bank account, the account would be frozen or the FIA would send a notice. Now after major exchanges like Binance and HTX get NOC, this risk will almost disappear.
By selling crypto, rupees will be able to come directly to Pakistani bank accounts without any fear. Till now, many people used to suffer 8-12% loss on P2P.
And they will be able to convert dollars into crypto from Upwork, Fiverr and convert them directly into rupees in Pakistan. Payoneer's 3-5% fee will be saved and the money will be in the account in 5-10 minutes.
Now even the common man will be able to easily invest in Bitcoin, Ethereum, Solana, etc. Possibility of higher returns than the stock market.
If relatives send crypto from abroad, it will reach Pakistan for 1-2% fee (compared to Western Union's 8-12%).
Crypto companies, trading platforms, blockchain startups will come to Pakistan. Thousands of new jobs (developers, support, compliance, etc.) will be created.
When people buy crypto from abroad, dollars will come to Pakistan, foreign exchange reserves will improve
