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PVARA Grants NOCs to Binance and HTX, Moves Toward Regulated Crypto Market
Pakistan Virtual Assets Regulatory Authority (PVARA) grants NOCs to Binance and HTX, allowing initial preparations. Finance Minister highlights AI-powered oversight as Pakistan strengthens crypto regulation.
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by Muhammad Hashir
2025-12-12
PVARA Grants NOCs to Binance and HTX, Moves Toward Regulated Crypto Market

The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued No Objection Certificates (NOCs) to global cryptocurrency platforms Binance and HTX, allowing them to begin initial preparation and consulting activities in Pakistan. The announcement was made jointly by PVARA and the Pakistan Crypto Council.

The statement clarified that the NOC does not constitute a full operating license, but represents the first step toward creating a fully licensed and regulated environment for digital assets in the country.

Finance Minister Muhammad Aurangzeb praised the NOC framework, calling it a testament to Pakistan’s commitment to financial discipline and responsible innovation. He highlighted that PVARA has become the world’s first AI-powered virtual assets regulatory authority, employing an evaluation system, recruitment portal, and AI-assisted tools to enhance monitoring capabilities.

“PVARA will continue consulting with local and international stakeholders to advance the next stages of the regulatory framework,” the Finance Minister said.

PVARA Chairman Bilal Bin Saqib described the issuance of NOCs as a foundational step toward a regulated digital asset ecosystem. “This framework will ensure consumer protection, financial transparency, and responsible innovation. Every company operating in Pakistan’s digital market must meet the highest standards of transparency, governance, and risk management,” he said.

Pakistan ranks third globally in cryptocurrency adoption, with an estimated 30 to 40 million users. The annual digital asset trading volume associated with the country exceeds $300 billion, underlining the significance of a structured regulatory approach.

The NOCs to Binance and HTX signal Pakistan’s intention to foster a secure, transparent, and innovation-driven cryptocurrency market while safeguarding investors and promoting responsible growth.
Tagged:

Binance

CryptoPakistan

DigitalAssets

PVARA

HTX
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