Pakistan emerges as global crypto pioneer with NOCs issued to Binance, HTX: Bilal bin Saqib
Business
Bilal Bin Saqib said that for the first time, a structured, transparent, and international-standard pathway has been opened for exchanges.
ISLAMABAD (Dunay News) - Pakistan has immense potential to develop digital assets, with 30 to 40 million Pakistanis already using such assets, said Bilal Bin Saqib, Special Assistant to the Prime Minister on Blockchain and Cryptocurrency.
Chairman of Pakistan’s Virtual Asset Regulatory Authority (PVARA) made these remarks during a press conference in Islamabad, highlighting the government’s efforts to create a regulated and globally aligned framework for digital asset adoption.
Bilal Bin Saqib said that for the first time, a structured, transparent, and international-standard pathway has been opened for exchanges.
He cited the issuance of No Objection Certificates (NOCs) to major platforms like Binance and HTX as a practical step towards this vision. He added that Pakistan ranks among the first three countries globally to adopt cryptocurrency regulations.
Read also: Pakistan approves Binance, HTX for regulated crypto operations
Emphasizing the significance of a legal and organized approach, Saqib said, “Without proper frameworks, inherent talent and capabilities cannot be fully leveraged.” He highlighted that the $100 trillion global bond market is moving towards digital rails, and Pakistan’s framework is not only beneficial for trading but also for industrial applications.
Looking ahead, he stated that within the next decade, Pakistan aims to strengthen its technological autonomy, enabling local industries to produce rather than import, and ensuring that the youth emerge as global experts rather than just consumers. “Pakistan has opportunities that very few countries possess. We want to regulate crypto and provide legal structures for talent to thrive,” he added.
