*🔹 What’s Next?*

- Binance & Pakistan will spend the next 6️⃣ months negotiating definitive agreements.

- PVARA’s phased licensing (No Objection Certificates already issued) sets the roadmap for full AML/KYC compliance.

*🔹 Why It Matters*

- Tokenising $2 B in sovereign assets could unlock liquidity for bonds, T-bills & commodity reserves.

- It positions Pakistan as a regional blockchain hub — especially since 70 % of its population is under 30 and already crypto‑savvy.

*🔹 Global Context*

- Similar tokenisation projects are booming in UAE, Singapore & parts of EU.

- Binance’s involvement adds credibility, while CZ calls it a “landmark” for the global blockchain industry.

*🔹 Bottom Line*

This MoU isn’t a deal yet — it’s a *strong signal* of reform. If execution follows, we could see a new digital‑asset financing mechanism that reshapes Pakistan’s market access.🚀

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