Pakistan Grants Binance and HTX Permission to Operate in Crypto and Digital Currency Sector
Islamabad (Qudrat Daily) — Pakistan has officially granted **Binance and HTX** permission to engage in the preparation and activities related to **cryptocurrency and digital assets**.
According to *Express News*, the **Pakistan Virtual Assets Regulatory Authority (PVR Authority)** issued a **No Objection Certificate (NOC)** to both companies. The NOC is part of Pakistan’s efforts to establish a **formal regulatory framework for virtual asset service providers**, following consultations with government institutions and thorough review procedures.
The certificate allows Binance and HTX to **initiate preliminary cryptocurrency and digital currency activities and advisory services** in Pakistan. The regulatory authority aims to promote innovation, enhance market transparency, and protect consumers.
At the announcement, **Federal Minister for Finance, Senator Mohammad Aurangzeb**, stated that the NOC framework reflects Pakistan’s commitment to **financial order and responsible innovation**. He added that the PVR Authority is becoming the world’s **first AI-driven regulatory body**, introducing AI-based evaluation systems, document review, and recruitment portals, which have enhanced supervisory capabilities and aligned Pakistan with global regulatory standards.
**Bilal Bin Saqib**, Chairman of the PVR Authority, described the NOC issuance as a **new era for Pakistan’s digital asset ecosystem**, marking the first step toward a fully licensed and regulated environment. He emphasized that only platforms with **strong governance and full global compliance** can progress to the next licensing stages, strengthening Pakistan’s alignment with **FATF standards**.
Bilal Bin Saqib also highlighted that any company entering the Pakistani market must meet **high standards of transparency, governance, and risk management**. With **30–40 million crypto users**, Pakistan ranks as the **third-largest crypto market in the world**, where annual digital asset trading exceeds **$300 billion**.
