🔥 Binance With Islamabad United PSL Team !
👀 In January 2025, Islamabad United, the most successful franchise in Pakistan Super League (PSL) history, announced a partnership with Binance, the world's leading blockchain ecosystem, appointing it as their Official Exchange Partner. This collaboration aimed to bridge the worlds of sports and blockchain technology, enhancing fan engagement and education in Pakistan. The partnership included initiatives to raise awareness about blockchain through fan engagement campaigns and digital activations.
👀 However, this alliance faced criticism due to Pakistan's regulatory stance on cryptocurrencies. Cryptocurrency trading is banned in Pakistan, with the State Bank of Pakistan prohibiting virtual currency transactions since 2018.
Critics argued that Islamabad United's partnership with Binance contradicted this ban, highlighting inconsistencies in regulatory enforcement. CRICEXEC
This situation underscores the complex landscape of cryptocurrency regulations in Pakistan and the challenges organizations face when aligning with global digital platforms.
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