Overview
- Pakistan’s Virtual Assets Regulatory Authority issued No Objection Certificates to Binance and HTX after governance, compliance and risk reviews.
- The clearances allow registration on the Financial Monitoring Unit’s goAML platform, local subsidiary setup with SECP, and preparation of VASP licence applications.
- PVARA stressed the NOCs are not operating licences and said only fully compliant platforms will advance under its phased framework.
- The Finance Ministry signed a non‑binding MoU with Binance to study tokenising up to $2 billion of sovereign and real‑world assets, with any definitive agreements to be negotiated within six months.
- Target assets under study include government bonds, treasury bills and commodity reserves, with aims of improving liquidity, transparency and international investor access.