Crypto is not legalized in Pakistan yet,
If crypto legalizes, there are steps which will be taken by Government and Binance.
1. Banks will be given SOPs to open separate Merchant/E-commerce accounts for individuals with proper documentations of Binance activities
2. FBR will be linked to their accounts for regular incomings/outgoings to trace and Merchants will be forced to keep the track record of all transactions for example, If Merchants sale/purchase any digital item, He/She/They will ask for customer's proper identification
3. Massive taxes will be aligned on their incomes, which will cause havoc on profitability even if Binance does not comply, still government will be able to track all your transactions
4. Merchants will be under regular scruitiny, because of complying with AML/CFT rules and to counter terror fundings, they will be watching big fishes.
5. Maybe Government will ask Binance for cooperating with GOPak to share data on suspici$ous activities.
Conclusion:
All this will take time because of many complexities and we hope, we don't get to stuck in same cycle.
#Regulation$