Pakistan is actively moving towards regulating the crypto market. In 2025, the Pakistan Virtual Assets Regulatory Authority (PVARA) was established, which issues licenses to virtual asset service providers (VASP). Companies wishing to operate in the country must meet strict requirements: have licenses from recognized global regulators (such as the SEC in the USA, FCA in the UK, or VARA in the UAE), fully implement KYC and AML procedures, disclose corporate structure and financial details, and ensure a high level of cybersecurity.
Recently, PVARA issued No Objection Certificates (NOC) to exchanges Binance and HTX, allowing them to register local subsidiaries and prepare for full licensing. This is part of a phased approach aimed at combating money laundering, complying with FATF standards, and attracting investment. Given the 40 million active crypto users in Pakistan, the new rules are designed to create a transparent and secure market, rather than the former gray area.
Follow @Mining Updates for fresh news on mining and the crypto market!
#Crypto #Bitcoin #pakistancryptonews #CryptoRegulation #Binance #CryptoLicense #Blockchain #CryptoNews
