Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib has said that for the first time, Pakistan has opened a regulated, transparent, and globally compliant pathway for global exchanges.
Addressing a press briefing in Islamabad, he stated that the issuance of No Objection Certificates (NOCs) to Binance and HTX represents a practical step toward a new regulatory vision. He said the newly introduced framework will enable effective monitoring of anti-money laundering measures and counter-terrorism financing.
Highlighting Pakistan’s growing digital asset adoption, the Chairman PVARA said the country ranks among the world’s top three crypto-adopting nations, with an estimated 30 to 40 million Pakistanis actively using digital assets. He further pointed out that the 100 trillion dollar global bond market is increasingly shifting toward digital system which underscores the importance of regulating crypto assets.
Bilal Bin Saqib emphasized that timely and informed decision-making within the financial system is essential. He said Pakistan aims to become a global model in digital assets regulation. He said the country will strengthen its sovereignty through technology over the next decade.
