Pakistan already has widespread crypto currency adoption, particularly among young users and freelancers. Policymakers now acknowledge that leaving such a large, informal market unregulated carries serious financial and legal risks. According to Chainalysis, Pakistan ranked sixth globally for crypto adoption in 2022 and rose to third by 2025. While broader digitisation has lagged, crypto use […]
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Fauji Foundation signs LOI with Binance for blockchain collaboration
ISLAMABAD: Fauji Foundation, one of Pakistan’s largest business conglomerates, has signed a Letter of Intent (LOI) with Binance, a leading global cryptocurrency and blockchain exchange. The agreement aims to explore commercial collaboration in blockchain, cryptocurrency, payments, and the Web 3.0 ecosystem in Pakistan. Read More: Binance, HTX NOCs first step in crypto regulation, says CEO […]
Binance, HTX NOCs first step in crypto regulation, says CEO
Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib has said that the no-objection certificates (NOCs) issued to global cryptocurrency exchanges Binance and HTX were not a “blanket approval” but the “first step under a risk-mitigated, phased, supervised entry framework”. Saqib’s video statement, televised on Sunday, comes after Pakistan gave initial clearance […]
Govt, Binance to explore ‘tokenisation’ of $2bn in assets
Ministry of Finance and Binance Investments Company Limited on Friday signed a Memorandum of Understanding (MoU), which aimed to leveraging emerging financial technologies to strengthen Pakistan’s capital markets and enhance global investor access. The MoU was signed by the Minister for Finance and Revenue, Senator Muhammad Aurangzeb and Richard Teng, Chief Executive Officer of Binance. […]
Pakistan Plans Limited Crypto Amnesty Scheme
The government discussed a possible Crypto Amnesty for Pakistani traders as officials reviewed rising virtual asset activity. Binance said Pakistanis trade over $250 billion in crypto each year. Officials argued that an amnesty could shift users toward regulated platforms. Banks raised security concerns but still joined the talks. The proposal gained strong attention from the […]
Binance pulls out of Canada amid new crypto regulations
Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to the […]
Binance faces US probe of possible Russian sanctions violations
The U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S. sanctions and move money through the cryptocurrency exchange, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators globally have long called for tighter controls on crypto exchanges including Binance, the world’s largest, to prevent illegal […]