Pakistan has recently moved closer to crypto regulation, but trading is not legalized yet. The government signed a non-binding MoU with Binance to explore blockchain use, including tokenization of government assets like bonds and treasury bills.
Regulators have also issued NOCs to Binance for compliance and preparatory engagement, but full exchange licensing is still pending.
In a major step, the government appointed Changpeng Zhao (CZ), founder of Binance, as a Strategic Advisor to the Pakistan Crypto Council (PCC) to guide Web3 and blockchain development.
