🇵🇰 Binance & Crypto Developments in Pakistan
1. Binance Academy Partners with Pakistan's Ministry of IT
Binance Academy has collaborated with Pakistan's Ministry of Information Technology and Telecommunication to advance blockchain education nationwide. The initiative aims to train 300 educators and reach 80,000 students across 20 universities in Pakistan.
2. Pakistan Crypto Council (PCC) Activities
The Pakistan Crypto Council (PCC), established in March 2025, continues to play a pivotal role in shaping the country's crypto regulations. Led by Finance Minister Muhammad Aurangzeb and CEO Bilal Bin Saqib, with Binance co-founder Changpeng Zhao serving as a strategic adviser, the PCC held a significant meeting on June 2 to discuss the legal framework for digital currencies.
3. Binance Introduces Direct PKR Withdrawals
Binance has added a feature allowing users in Pakistan to withdraw USDT directly into Pakistani Rupees (PKR). While the exchange rate is slightly lower than the market rate, this method provides a safer alternative to peer-to-peer (P2P) transactions, reducing the risk of bank account freezes.
4. Caution Advised for P2P Transactions
Users engaging in P2P crypto transactions in Pakistan have reported instances of bank account freezes due to disputes and regulatory scrutiny. It's recommended to use verified channels and exercise caution to avoid potential issues.
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