$BTC
🇵🇰Local Crypto Update: Pakistan's "Digital Overhaul"
The most significant "local" update involves the formalization of the industry in Pakistan. The government is moving away from its previous "grey area" stance toward a structured ecosystem.
$2 Billion Tokenization: The Ministry of Finance recently signed a Memorandum of Understanding (MoU) with Binance. The plan is to tokenize up to $2 billion in state-owned assets, including sovereign bonds and commodity reserves (oil/gas), to increase liquidity.
National Stablecoin: The Pakistan Crypto Council (PCC) and the Virtual Assets Regulatory Authority (PVARA) have confirmed plans to launch a Sovereign Stablecoin and a Central Bank Digital Currency (CBDC) pilot.
Exchange Licensing: Both Binance and HTX have received preliminary clearances (NOCs) to begin the formal licensing process in Pakistan, marking a major win for local retail traders.
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