KEY TAKEAWAYS
- Binance secures AML registration in Pakistan, marking a key step towards full local licensing.
- High-level meetings with Pakistani officials aim to establish clear regulations for virtual assets.
- Binance’s phased approach aligns with Pakistan’s regulatory roadmap, enhancing digital economy support.
- Collaboration with PVARA highlights commitment to a secure and inclusive virtual asset ecosystem.
Binance has achieved a significant milestone in its regulatory journey in Pakistan by obtaining Anti-Money Laundering (AML) registration under the Pakistan Virtual Assets Regulatory Authority (PVARA). This development marks a crucial step towards full local licensing and strengthens Binance’s collaboration with Pakistani regulators.
The announcement follows high-level meetings between Binance’s senior leadership and Pakistani government officials. These discussions focused on establishing clear, forward-looking regulations to foster innovation, protect users, and unlock the potential of virtual assets in the region. Binance Co-CEO Richard Teng emphasized the importance of these engagements in advancing conversations on regulation, industry standards, and the future of blockchain in Pakistan.
Progress Towards Full Licensing
The acquisition of AML registration is a significant milestone for Binance, bringing the company closer to obtaining full Virtual Asset Service Provider (VASP) licensing and local incorporation. This phased approach allows Binance to begin providing AML-registered cross-border services to Pakistani users while continuing to work closely with PVARA towards full authorization. This strategy aligns with Pakistan’s regulatory roadmap and reflects Binance’s long-term commitment to supporting the country’s digital economy.
Richard Teng, Co-CEO of Binance, expressed his reflections on the progress made, stating, “We are proud to continue our collaboration with PVARA to build a robust, transparent, and inclusive virtual asset ecosystem.” Bilal Bin Saqib, Chairman of PVARA, also expressed strong support for the partnership, highlighting the positive regulatory progress made through the AML registration and licensing process.
Supporting Digital Transformation in South Asia
South Asia is recognized as one of the world’s most dynamic regions for digital and financial innovation. Pakistan, with its rapidly digitizing economy and large population, stands to benefit significantly from secure, well-regulated access to blockchain technologies. Binance’s mission is to help build this foundation responsibly by strengthening compliance, enhancing transparency, and working closely with partners like PVARA.
The advances made this week reflect Binance’s belief that meaningful collaboration between regulators and the industry can accelerate innovation while upholding high standards of consumer protection. Binance remains committed to supporting Pakistan’s progress in digital finance, laying the groundwork for a safe, inclusive, and future-ready digital asset ecosystem.
For more details, the full announcement can be read here.
Why This Matters: Impact, Industry Trends & Expert Insights
Binance has secured Anti-Money Laundering (AML) registration in Pakistan, marking a critical step towards obtaining full Virtual Asset Service Provider (VASP) licensing under the Pakistan Virtual Assets Regulatory Authority (PVARA). This development is a significant stride in Binance’s efforts to collaborate with Pakistani regulators and support the country’s digital economy.
A recent Ainvest report highlights that Pakistan’s Virtual Assets Ordinance, 2025, has established a regulatory framework that encourages innovation and compliance. This aligns with Binance’s recent AML registration, which enhances its ability to offer regulated services in Pakistan.
A Blockchain Reporter article highlights Richard Teng’s view that this registration facilitates discussions on market standards and regulatory clarity. This supports Binance’s strategy to foster a secure and innovative digital asset infrastructure in Pakistan.
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