2025-12-12
Binance has made significant regulatory progress in Pakistan following high-level meetings with government officials.
We have now obtained a registration for anti-money laundering under the Pakistan Virtual Assets Regulatory Authority (PVARA), representing a significant step towards obtaining a full local license.
This development strengthens our collaboration with Pakistani regulators to build a transparent, secure, and innovative ecosystem for digital assets.
We are pleased to update you on the latest developments in our ongoing efforts to support the responsible growth of digital assets across South Asia. Following strategic meetings between Binance's senior management and Pakistani officials, we have made significant progress in agreeing that having clear and proactive regulation is essential for fostering innovation, protecting users, and unlocking the potential of virtual assets. The discussions led by Binance's co-CEO, Richard Teng, with policymakers have contributed to developing the dialogue on regulation, industry standards, and the future of blockchain technology in Pakistan.
One of the most prominent results of these ongoing efforts is the successful acquisition of an anti-money laundering license by the Binance platform from the Pakistani Virtual Assets Regulatory Authority. This is a significant achievement that brings us one step closer to obtaining a full license as a virtual asset service provider and establishing a local presence.
This gradual approach enables us to start offering cross-border anti-money laundering services to Pakistani users while we continue to work closely with the Pakistan Video and Digital Services Regulatory Authority (PVARA) to obtain full licensing. This approach aligns with the regulatory roadmap in Pakistan and reflects our long-term commitment to supporting the country's digital economy.$BTC
