Binance Advances Regulatory Framework in Pakistan
Islamabad, Dec. 12, 2025 /PRNewswire/ — In a significant move for the cryptocurrency sector, Binance has announced a major regulatory licensing development in Pakistan. This latest milestone comes after extensive, strategic discussions between Binance’s senior leadership and key Pakistani government officials. Leading these discussions has been Binance Co-CEO Richard Teng, who reiterated the company’s commitment to fostering a secure and regulated digital asset ecosystem within the country.
Ongoing Dialogues with the Government
Throughout its engagement with Pakistani authorities, Binance has worked closely with policymakers to emphasize crucial aspects such as regulatory processes, transparency, and the overall advancement of the digital assets sector. These conversations have been instrumental in reaffirming Pakistan’s intention to establish a forward-looking regulatory framework for virtual assets. The collaborative approach taken by both parties aims to create a balanced environment where innovation can thrive while ensuring the safety and security of users.
Milestone: AML Registration
One of the most notable achievements in this regulatory evolution has been Binance’s successful acquisition of Anti-Money Laundering (AML) registration under the framework set forth by the Pakistan Virtual Assets Regulatory Authority (PVARA). This pivotal step not only signifies Binance’s commitment to compliance but also paves the way for full licensing and local incorporation in Pakistan.
The phased approach that Binance is undertaking allows the platform to register with the Financial Monitoring Unit (FMU) for AML-registered services, which encompass a variety of offerings such as Exchange, Broker-Dealer, Custody, and Derivative Services. This strategic method aligns with Pakistan’s regulatory roadmap for a comprehensive Virtual Asset Service Provider (VASP) licensing.
Statements from Leadership
Richard Teng, Co-CEO of Binance, expressed pride in the ongoing collaboration with PVARA, stating, "We are proud to continue our collaboration with PVARA to build a robust, transparent, and inclusive virtual asset ecosystem. Together, we share a commitment to unlocking the potential of blockchain technology for millions of Pakistanis and beyond." These sentiments highlight Binance’s role as a facilitator in elevating the digital finance landscape in Pakistan through shared vision and commitment.
Balancing this, Bilal Bin Saqib, Chairman of PVARA, commented, "Our ongoing partnership with Binance continues to strengthen as we work together to build a transparent and innovative future for digital assets in Pakistan. The recent meeting highlighted the positive regulatory progress Binance is making through the AML registration and licensing process, marking an important step forward in advancing this shared vision."
Commitment to South Asia’s Digital Economy
Binance’s commitment extends beyond Pakistan; the company has expressed its dedication to nurturing digital economies across South Asia. The goal is to collaborate with regulators and stakeholders in the region, promoting a robust, transparent, and inclusive virtual asset ecosystem. This is particularly pertinent in a region that holds untapped potential for digital finance solutions.
About Binance
Founded as a leading global blockchain ecosystem, Binance operates the world’s largest cryptocurrency exchange by trading volume and registered users. Trusted by over 300 million people in more than 100 countries, Binance is renowned for its industry-leading security measures, transparency, and speed of the trading engine. The platform offers an unmatched portfolio of digital asset products, which range from trading and finance to education, research, social good, payments, institutional services, and Web3 features.
Binance’s overarching mission remains clear: to build an inclusive crypto ecosystem that enhances financial freedom and access to understand the transformative potential of cryptocurrency globally. For further information, please visit Binance’s official website.
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This strategic development in Pakistan serves as a beacon for the future of digital assets, showcasing how constructive dialogue between innovators and regulators can lead to beneficial outcomes for consumers and the economy alike.
