Fauji Foundation – the country’s one of the largest business conglomerate – has signed a Letter of Intent (LOI) with Binance, the leading global blockchain and cryptocurrency exchange by trading volumes and users, for commercial collaboration in blockchain, cryptocurrency and payments in Pakistan.
The announcement was made by Pakistan Crypto Council (PCC) in a statement on Monday disclosing that the LoI was signed on Dec 12 at the Fauji Foundation Headquarters, Rawalpindi. The statement said the two sides will explore potential commercial collaboration on blockchain, cryptocurrency, payments and Web 3.0 ecosystem within Pakistan.
“As part of the LoI, Binance will deploy its expertise, advisory support and technological and market insights on the crypto industry, and Fauji Foundation will partner with Binance on payment infrastructure solutions utilising digital assets”, the statement said.
Chinese billionaire Justin Sun, founder of the Tron blockchain, joined Pakistan's crypto advisor Bilal Bin Saqib for prayers at Faisal Mosque in Islamabad
Binance has signed a Letter of Intent with Fauji Foundation in Islamabad to explore a potential commercial partnership across blockchain, cryptocurrency, payments, and the broader Web 3.0 ecosystem in Pakistan. The collaboration reflects growing institutional interest in structured digital asset development as Pakistan’s regulatory environment continues to take shape under PVARA.
Under the LOI, Binance will provide advisory support, technical expertise, and market insights drawn from its global experience, while Fauji Foundation will collaborate on payment infrastructure solutions that leverage digital assets. The agreement sets a foundation for exploring practical use cases rather than immediate deployment, focusing on long-term ecosystem building within regulatory boundaries.
A key pillar of the partnership is education and skills development. Both organizations plan to promote blockchain and crypto education through their academic divisions, aiming to equip young Pakistanis with industry-relevant skills and responsible knowledge of digital finance. The signing ceremony was attended by senior leadership from Fauji Foundation, Binance CEO Richard Teng, PVARA Chairman Bilal Bin Saqib, and Pakistan Crypto Council adviser Changpeng Zhao, underscoring the strategic importance of the initiative.
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The legal status of cryptocurrency in Pakistan has been a subject of significant debate and evolving policy. While the State Bank of Pakistan (SBP) has historically maintained a cautious and even prohibitive stance, a new, more regulated approach is currently taking shape. The Virtual Assets Ordinance, 2025 Establishment of a Regulatory Authority: The ordinance creates a new, independent body called the Pakistan Virtual Asset Regulatory Authority (PVARA). PVARA is tasked with licensing, regulating, and monitoring all virtual asset service providers (VASPs) operating in the country. The move is intended to bring Pakistan in line with international standards, particularly those set by the Financial Action Task Force (FATF), It is important to note that the ordinance, as an interim measure, is in effect for 120 days and requires full parliamentary approval to become a permanent law The SBP and the Ministry of Finance are actively collaborating with the newly formed Pakistan Crypto Council to develop a comprehensive legal and regulatory framework.As of now, the use of cryptocurrency by individuals is not considered illegal or banned, but it is not officially recognized as legal tender. A large volume of peer-to-peer (P2P) trading reportedly continues in the The Pakistan Crypto Council (PCC) and World Liberty Financial (WLF) have signed a series of deals to promote investment and innovation in the crypto industry. This is part of a broader effort to boost blockchain adoption in Pakistan.Public Awareness: Pakistani news channels like ARY News and Samaa TV have been reporting on the "big news" and "good news"egarding the new cryptocurrency regulations, indicating a growing public interest and a shift in the media narrative from a ban to a regulated environment.This information is based on public news reports and official statements as of early September 2025. The situation is dynamic, and further developments regarding the parliamentary approval of the ordinance are expected in the coming
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#SaylorBTCPurchase Pakistan to take a fresh look at cryptocurrency. Kazakhstan orders bitcoin miners to file regular status reports. Biggest Fed hike in 22 years sees Bitcoin close to $40,000 mark. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
#crypto Pakistan Pakistan's Minister of State for Finance and Revenue has reportedly said crypto cannot be legalized in the nation due to conditions set by the global money laundering watchdog for staying off of its list of countries under increased monitoring.
$BNB Pakistan has become the 8th-largest cryptocurrency market in the world, with over $25 billion held in digital assets—surpassing its own national reserves.
Despite a 2023 b@n, more than 25 million Pakistanis actively use crypto. Soaring inflation and currency devaluation drove this surge.
In July 2025, Pakistan established the Pakistan Virtual Assets Regulatory Authority (PVARA) and allocated 2,000 MW for Bitcoin mining and AI infrastructure.
#TrumpBitcoinEmpire Pakistan has become the 8th-largest cryptocurrency market in the world, with over $25 billion held in digital assets—surpassing its own national reserves.
Despite a 2023 b@n, more than 25 million Pakistanis actively use crypto. Soaring inflation and currency devaluation drove this surge.
In July 2025, Pakistan established the Pakistan Virtual Assets Regulatory Authority (PVARA) and allocated 2,000 MW for Bitcoin mining and AI infrastructure.