Crypto news in Pakistan is heating up! 🚀 The country has officially recognized cryptocurrency, with Binance and HTX getting initial approval to operate. This is a big deal, considering Pakistan ranks third globally in crypto adoption, with over 40 million users ¹ ².
The Pakistan Virtual Assets Regulatory Authority (PVARA) is leading the charge, focusing on AML compliance, transparency, and licensing. Binance has obtained AML registration, marking a significant step toward full licensing ³.
The government is also exploring tokenization of up to $2 billion in sovereign assets, aiming to boost liquidity and attract investors. This move signals Pakistan's commitment to digital finance ⁴.
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