Pakistan Opens Doors to Global Crypto Exchanges

The Pakistan Virtual Assets Regulatory Authority (PVARA) has issued no-objection certificates to major global exchanges, including Binance and HTX.

This move is expected to contribute to the development of Pakistan's digital asset ecosystem, with potential applications ranging from virtual asset trading and investment to tokenisation, custody, and blockchain-based financial services.

Gracy Chen, CEO of Bitget, attributed the strong interest in obtaining licenses to operate in Pakistan to the proactive policy initiatives of the government and relevant regulatory authorities.

Chen suggested that as Pakistan develops its virtual asset framework, policymakers could consider how regulated digital exchanges might support payment services for digital workers.