TechFlow news, December 8 — According to Crowdfundinsider, Pakistan announced plans to advance its digital asset regulatory framework following talks with a delegation from cryptocurrency exchange Binance. The meeting was attended by Prime Minister Shehbaz Sharif and Army Chief Marshal Syed Asim Munir, with Binance CEO Richard Teng leading the delegation.
Bilal Bin Saqib, Chairman of Pakistan's Virtual Assets Regulatory Authority (PVARA), briefed the Binance delegation on the country's regulatory roadmap. The Prime Minister's office stated that Pakistan aims to establish a "transparent and secure" digital asset framework that supports innovation while protecting investors. The discussions form part of Pakistan's broader efforts this year to formalize cryptocurrency regulation, including establishing a dedicated digital asset regulator and clarifying rules for exchanges. Saqib also noted that Pakistan is developing a sovereign stablecoin and exploring a central bank digital currency (CBDC). According to Chainalysis data, Pakistan ranks among the top countries globally in cryptocurrency adoption.
