Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib has clarified that the no-objection certificates (NOCs) previously issued to global cryptocurrency exchanges Binance and HTX do not amount to blanket approvals.

Speaking in a televised statement on Sunday, Saqib said the NOCs represent the “first step under a risk-mitigated, phased, supervised entry framework,” aimed at ensuring proper oversight of foreign crypto operators entering Pakistan.

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