Pakistan's Virtual Assets Regulatory Authority granted No Objection Certificates to Binance and HTX on December 12, 2025, enabling them to pursue local crypto licenses in the country.
This move reflects Pakistan's strategic intent to align with global crypto landscapes, likely attracting significant attention from the world's third-largest crypto market by retail activity.
Pakistan Issues NOCs to Binance and HTX
Pakistan's regulatory authority PVARA approved No Objection Certificates for Binance and HTX on December 12, 2025. These NOCs facilitate compliance preparations but do not grant full licenses yet.
Chaired by Bilal bin Saqib, PVARA aims to regulate digital assets aligned with global standards. He stated, “The NOCs marked the beginning of a new chapter for well-governed platforms under a phased approach aligned with global anti-money-laundering standards.” Pakistan seeks to establish a local subsidiary setup under comprehensive digital-finance reforms.
NOCs Boost Pakistan's Digital Finance Prospects
The issuance of NOCs marks a forward step for digital finance in Pakistan. There are implications for the legal framework that may enrich the country's burgeoning crypto market, identified as the world's third-largest by retail activity.
Potential outcomes include augmented financial engagement via major platforms. Analysts anticipate that the integration will attract more institutional participation but also require stricter compliance with anti-money-laundering laws.
Pakistan Aligns Crypto Regulation with Global Models
Pakistan's crypto regulatory measures align with global initiatives in the UAE, Japan, and EU, reflecting a pattern of expanding crypto oversight while tightening controls. Previous rapid reforms in 2025 set a precedent for today's developments.
Experts from Kanalcoin suggest potential long-term growth in Pakistan's digital economy. They highlight the influence on regional financial systems and indicate that such moves often signal increased market stability and investor confidence.
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