$BNB $
Big news for Pakistanis
Pakistan has issued NOC to Binance and HTX.
Now Pakistanis will be able to buy crypto directly in rupees through JazzCash, Easypaisa, and bank transfers. No intermediaries (P2P individuals) or high fees will be needed.
Until now, when money from crypto came into a bank account, the account would get frozen or FIA would send notices. Now, with major exchanges like Binance and HTX receiving NOC, this risk will be almost eliminated.
Selling crypto will directly allow funds to come into Pakistani bank accounts in rupees without any fear. Until now, many people faced losses of 8-12% on P2P.
And they will be able to convert dollars from Upwork, Fiverr into rupees directly in Pakistan. A 3-5% fee from Payoneer will be saved, and the money will reach the account in 5-10 minutes.
Now, an average person will easily be able to invest in Bitcoin, Ethereum, Solana, etc. The potential for higher returns than the stock market.
Relatives abroad will send crypto, and it will arrive in Pakistan with a 1-2% fee (compared to 8-12% of Western Union).
Crypto companies, trading platforms, blockchain startups will come to Pakistan. Thousands of new jobs (developers, support, compliance, etc.) will be created.
When people buy crypto from abroad, dollars will come to Pakistan, and foreign exchange reserves will improve.
#Binance #crypto #cryptocurrency #htx
#pakistani #karachi #Peshawar #quetta #Sindh #KPK
#Pakistan #PakistanZindabad #punjab
#lahore