The Pakistan Virtual Assets Regulatory Authority (PVARA) has officially issued NOCs to Binance — a major milestone for the industry. This clears the way for Binance to begin AML registration, set up a local entity, and work toward full Virtual Asset Service Provider (VASP) licensing.
A huge step toward regulated, secure, cross-border crypto services under Pakistan’s forward-thinking framework. The ecosystem is evolving fast — and this move accelerates it even further.
Pakistan's PVARA issued No Objection Certificates to Binance and HTX on Friday, allowing them to prepare for full licensing with anti-money laundering registration and local setups. CZ met with finance ministers alongside Binance CEO Richard Teng to discuss regulation and adoption, while the country signed a non-binding deal with Binance to explore tokenizing up to $2 billion in bonds and reserves. This step aligns with global standards, formalizes activity for Pakistan's 30-40 million crypto users, and marks a new chapter for regulated platforms in a nation of over 240 million people.
FUSAKA is hard fork of Ethereum network with the aim to improve network scalability and reduce L2 costs.
but what is Hard Fork ?
hard fork = upgrade
same like when you update your mobile phone: you get new features but if you don’t update then your phone still works.
on the other hand a hard fork is slightly different: it changes the rules. everyone on the network must upgrade to follow the new rules otherwise you can't use the network.
FUSAKA main features is PeerDAS
but how it will benefit Ethereum ?
earlier every Ethereum node had to download and store the full L2 blob data.
but now nodes only need to sample small portions of each blob to verify its availability.
means less data taken then more scale > less cost > more speed > more individual can run nodes > good for decentralisation
but what is Blob khan bhai ?
understand blob as box containing hundreds or thousands of transactions bundled together. earlier eth node were storing full box but now a portion of box is enough means it will take less storage and more benefits as explained above.
Anything else ?
yes this upgrade will increase block gas limit.
means more transactions per block → higher TPS → lower congestion → lower fees.
isn't it cool and good for Ethereum Ecosystem future !
if we talk about price action then ETH community liked this upgrade I guess as ETH is 20% up in last few days.
still i would say fundamentally it will make ETH better but short term price generally react on speculation rather than fundamental. this is why it's important to understand basic PA.
That's it for FUSAKA UPGRADE.
hope you've learnt something appreciate your feedback on this piece of writing 🫂
▪#BTC = +$58,500,000. ▪#ETH = -$9,910,000. ▪#SOL = +$45,770,000. ▪#XRP = +$67,740,000 (12 green trading days in a row). ▪#HBAR = +$1,780,000. ▪#DOGE = +$513,430. ▪#LTC = $0.
The trading volume of Bitcoin ETF IBIT from BlackRock yesterday exceeded $3.7b and bypassed VOO from Vanguard - the largest ETF on the S&P 500 index ($3.2b).