Pakistan clears Binance and HTX to seek local crypto licenses
Pakistan gives a nod for crypto exchanges Binance and HTX to register local subsidiaries as regulators advance a phased crypto framework.
Pakistan’s authorities are moving to regulate major global cryptocurrency exchanges, issuing preliminary clearances to platforms including Binance to set up shop in the country.
The Pakistan Virtual Assets Regulatory Authority (PVARA) has granted no objection certificates (NOCs) to Binance and HTX, paving the way for the exchanges to register locally and pursue full licensing, the regulator announced on X on Friday.
The NOCs aim to ensure Pakistan’s phased approach to regulating crypto asset service providers aligns with the Anti-Money Laundering (AML) policies of the Financial Action Task Force (FATF), PVARA said.