Islamabad: Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib has announced that Pakistan has, for the first time, opened a regulated, transparent, and globally compliant pathway for global exchanges.

According to Radio Pakistan, during a press briefing in Islamabad, Bilal Bin Saqib stated that the issuance of No Objection Certificates (NOCs) to Binance and HTX marks a practical step toward a new regulatory vision. This newly introduced framework is expected to enable effective monitoring of anti-money laundering measures and counter-terrorism financing.

Highlighting the country’s growing digital asset adoption, the Chairman of PVARA noted that Pakistan ranks among the world’s top three crypto-adopting nations, with an estimated 30 to 40 million Pakistanis actively using digital assets. He further emphasized that the global bond market, valued at 100 trillion dollars, is increasingly shifting toward a digital system, which underscores the importance of regulating crypto assets.

Bilal Bin Saqib underscored the necessity of timely and informed decision-making within the financial system, asserting that Pakistan aims to become a global model in digital assets regulation. He expressed confidence that the country will strengthen its sovereignty through technology over the next decade.