Senior executives from Binance, led by Global CEO Richard Teng, held high-level meetings in Islamabad as Pakistan accelerates efforts to regulate digital assets. The visit marks a significant moment for the country’s emerging digital finance ecosystem, signaling strong government interest in structured and safe virtual asset development.
Government Shows Commitment to Digital Asset Regulation
The delegation’s trip comes as Pakistan expresses a firm commitment to establishing a comprehensive Digital Asset Regulatory framework. Prime Minister Shehbaz Sharif met with the Binance leadership to discuss potential opportunities in digital finance, blockchain adoption, and investor protection.
Field Marshal Syed Asim Munir, who serves as Chief of Defence Forces and Chief of Army Staff, also attended the meeting. His presence underscored the importance Pakistan places on secure and well-regulated technological growth, especially in sectors that impact national financial stability.
Briefing by Pakistan Virtual Assets Regulatory Authority
During the session, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal bin Saqib, delivered a detailed briefing. He highlighted the authority’s role, regulatory plans, and vision for safe and transparent virtual asset operations in Pakistan.
The meeting focused on enhancing collaboration, improving oversight mechanisms, and opening the door for global crypto platforms to operate responsibly within the country. The discussions also reinforced Pakistan’s aim to protect consumers while fostering innovation in the digital economy.
