Pakistan reiterates commitment to crypto regulation
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Pakistan has reiterated its commitment to regulations in the cryptocurrency industry. The government discussed these and other aspects of the industry during a high-level meeting with senior officials from the popular crypto exchange Binance, underscoring its commitment to building transparent regulations. The high-level meeting was attended by several top figures from Binance, including its Global CEO Richard Teng. In addition, there were also attendees from high-level officials in the country, with the country using the opportunity to inform the Binance executives about their plans for the industry. Prime Minister Shehbaz Sharif and Chief of Defence Forces, Field Marshal Asim Munir, were also present in the meeting. Pakistan discusses its commitment to the crypto industry The meeting was presided over by Bilal Bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA). Bin Saqib outlined the recent progress and several initiatives that the authority has been carrying out. In an official statement, the Prime Minister’s office mentioned that the government remained committed to creating a transparent and secure regulatory framework for digital assets in Pakistan. In addition, the statement touched on innovation, noting that the country is doing its best to ensure that it promotes innovation while making sure the interests of investors are safeguarded. The engagement comes as Pakistan prepares to explore the digital finance industry through the creation of its stablecoin, a detail that was shared by Bin Saqib during the Binance Blockchain Week. The country sees it as part of a wider plan to integrate digital assets into its national economy. Bin Saqib also mentioned that Pakistan is looking into the creation of its Central Bank Digital Currencies (CBDCs). He made the comments during the panel discussion on market regulation hosted by the Pakistan Crypto Council. This update comes after the unveiling of Pakistan’s first Strategic Bitcoin…
Filed under: News - @ December 7, 2025 10:14 am