Pakistan has taken a big step toward regulating digital assets as the Pakistan Virtual Assets Regulatory Authority (PVARA) has officially issued No Objection Certificates (NOCs) to global crypto exchanges Binance and HTX. This move signals a growing acceptance of cryptocurrency in the country and marks a new phase for Pakistan’s digital finance landscape.
According to PVARA Chairman Bilal Bin Saqib, Pakistan is now among the top three countries in the world for crypto adoption, with an estimated 30 to 40 million crypto users across the country.
A Major Boost for Crypto Regulation in Pakistan
The issuance of NOCs to Binance and HTX shows that Pakistan is moving toward a structured and regulated crypto environment. Until now, crypto activity in the country largely operated without clear oversight. This decision aims to bring transparency, investor protection, and accountability to the sector.
Why Binance and HTX Matter
Binance and HTX are two of the world’s most well-known cryptocurrency exchanges. Allowing them to operate under regulatory approval could help build trust among Pakistani users and encourage safer crypto trading practices.
Pakistan Ranks Third Globally in Crypto Adoption
Millions of Users Driving Growth
Chairman Bilal Bin Saqib revealed that Pakistan ranks third in the world for crypto adoption, highlighting the strong interest among young investors, freelancers, and tech-savvy users. With 3 to 4 crore users, crypto has already become part of everyday financial activity for many Pakistanis.
This growing user base has pushed regulators to act, ensuring that innovation continues without putting consumers at risk.
What This Means for Pakistan’s Digital Future
The approval of Binance and HTX could attract foreign investment, support blockchain innovation, and create new opportunities in fintech. It also sends a positive signal to global markets that Pakistan is serious about regulating digital assets rather than ignoring them.
By issuing these NOCs, PVARA aims to balance innovation with responsibility, ensuring that crypto adoption grows in a safe and sustainable way.
Final Analysis
Pakistan’s decision to grant NOCs to Binance and HTX is a milestone moment for the country’s crypto ecosystem. With millions already using digital assets, regulation was no longer optional—it was necessary. This move could shape the future of crypto in Pakistan and place the country on the global digital finance map.
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