Tag: Binance Pakistan

The State Bank of Pakistan and PVARA held discussions on launching a virtual currency and creating a regulatory framework for virtual assets. The move follows a MoU with Binance to explore blockchain-based tokenization of government bonds, treasury bills, and other federal assets worth up to $2 billion.

Pakistan holds high-level meetings with Binance Global CEO Richard Teng to advance crypto regulation, strengthen FATF compliance, and develop a secure digital asset framework.

The State Bank of Pakistan has linked digital assets to the Foreign Exchange Regulation Act, capping outbound transfers at $100,000 annually. The Senate Finance Committee is debating the PVARA Bill as concerns mount over $21 billion invested by Pakistanis in crypto markets.