The Chairman of the Pakistan Virtual Assets Regulatory Authority, Bilal bin Saqib, stated that Pakistan ranks among the top three countries globally in terms of crypto-adopting countries.
During a press conference in Islamabad, he mentioned that a regulated, clear, and internationally compliant pathway for global exchanges has been established for the first time. He said the move reflects new thinking and institutional reform.
Saqib also added that the issuance of NOCs to Binance and HTX is a practical step under this approach. He said that major global financial centres follow similar phased models and that Pakistan must take timely and accurate decisions within the global financial system.
He said that without a legal and regulated pathway, potential cannot be utilised. He also indicated that between 30 to 40 million Pakistanis are engaging with digital assets and that the $100 trillion global bond market is transitioning towards digital solutions.
He pointed out that the framework extends beyond trading and will positively impact various industries, saying Pakistan possesses considerable potential for adopting digital assets and aims to enhance its sovereignty through technology over the next decade.