🇵🇰🤝 Binance & Pakistan Partner to Advance Digital-Asset Innovation and Regulation

Main Takeaways

▪ Binance achieves AML registration under PVARA, a key milestone toward full VASP licensing in Pakistan.
▪ Progress follows high-level meetings between Binance leadership and Pakistani government officials on December 5.
▪ Strengthens cooperation to build a transparent, secure, and innovative digital-asset ecosystem in Pakistan.

🔹 A Major Step Toward Local Licensing

Binance has secured Anti-Money Laundering (AML) registration from the Pakistan Virtual Assets Regulatory Authority (PVARA) — a critical step toward full Virtual Asset Service Provider (VASP) licensing.

This phased progress now allows Binance to begin offering AML-registered cross-border services to Pakistani users while continuing the full authorization process.

🔹 Regulatory Progress Through Strategic Engagement

During the visit, Binance Co-CEO Richard Teng met with senior Pakistani officials to discuss:

▪ regulatory clarity
▪ industry standards
▪ blockchain innovation
▪ future integration of virtual assets into the economy

These discussions reinforced shared goals around user protection, innovation, and responsible ecosystem development.

🔹 Shared Vision for Transparency & Growth

Richard Teng stated:

“We are proud to continue our collaboration with PVARA to build a robust, transparent, and inclusive virtual asset ecosystem.”

PVARA Chairman Bilal Bin Saqib praised the progress:

“Our partnership with Binance continues to strengthen as we work together to build a transparent and innovative future for digital assets in Pakistan.”

Both sides highlighted that AML registration marks a strong step forward in the licensing process.

🔹 Driving Pakistan’s Digital Transformation

Pakistan is one of South Asia’s fastest-advancing digital economies. With a large, young population and accelerating fintech growth, the country stands to benefit greatly from:

▪ secure, regulated blockchain access
▪ international compliance alignment
▪ transparent digital-asset frameworks

Binance remains committed to supporting Pakistan in building a safe, resilient, and future-ready digital financial system.

🔹 Final Thoughts

This milestone reflects Binance’s long-term commitment to Pakistan’s digital-asset future.
We appreciate the continued collaboration with PVARA and look forward to supporting Pakistan as it moves ahead with its digital transformation journey.

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