Pakistan Greenlights Binance & HTX With Landmark NOCs, Opening $2B Tokenization Path
The post Pakistan Greenlights Binance & HTX With Landmark NOCs, Opening $2B Tokenization Path appeared on BitcoinEthereumNews.com.
Key Takeaways: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has issued NOCs to Binance and HTX, marking the country’s first regulatory step toward full digital asset licensing. The approvals form part of a broader plan enabling tokenization of up to $2 billion in sovereign and commodity assets. Pakistan is accelerating a FATF-aligned regulatory framework as it positions itself as a major emerging crypto market. Pakistan has taken its most significant step yet toward a regulated digital asset economy. Its Virtual Assets Regulatory Authority has granted No Objection Certificates (NOCs) to Binance and HTX, laying the foundation for a licensed, institution-grade ecosystem built around compliance, governance, and real-world asset tokenization. Pakistan Moves Toward Regulated Crypto Infrastructure The NOCs enable Binance and HTX to formally begin the registration process under Pakistan’s anti-money-laundering (AML) system and prepare for full exchange licensing once regulations are finalized. Although the certificates are not operational licenses, they signal which international platforms Pakistan sees as qualified to advance to the next phase of its framework. PVARA Chair Bilal bin Saqib described the move as the starting point of a structured, compliance-first licensing system built to global anti-money-laundering (AML) and counter-terrorist financing (CFT) standards. According to Saqib, regulatory progression will depend entirely on each exchange’s governance quality, risk controls, and ability to meet FATF requirements. Pakistan is now one of the fastest-moving jurisdictions in Asia when it comes to formalizing digital asset oversight, compressing what typically takes years of regulatory development into a few months. Alongside the licensing rollout, the government is preparing a Virtual Assets Act and a pilot central bank digital currency (CBDC) for 2025. Read More: New Zealand Bans Crypto ATMs Nationwide to Tighten AML Enforcement $2B Tokenization Initiative Signals Economic Shift A New Market for Sovereign Digital Assets The NOCs coincide with a memorandum of understanding…
