TechFlow, December 12 — HTX, a digital asset exchange, announced it has officially received a No-Objection Certificate (NoC) from the Pakistan Virtual Assets Regulatory Authority (PVARA), initiating the compliance process for obtaining a licensed exchange under the framework of the Virtual Assets Regulations 2025.
This NoC marks a significant milestone, making HTX one of the first two global digital asset platforms qualified to apply for a virtual asset license in Pakistan. HTX will continue advancing its compliance and formal licensing procedures in accordance with relevant regulations and work closely with PVARA toward full authorization.
With the receipt of PVARA’s NoC, HTX will also register with the Financial Monitoring Unit (FMU) for anti-money laundering (AML) services, covering virtual asset exchange, brokerage, custody, and derivatives services, laying the foundation for obtaining a full Virtual Asset Service Provider (VASP) license.
Sun Yuchen, Global Advisor at HTX, said Pakistan is one of the fastest-growing cryptocurrency markets globally, home to millions of young, tech-savvy users. This approval not only recognizes HTX but also serves as a vote of confidence in Pakistan’s vision for crypto asset development.
HTX currently has over 50 million registered users worldwide. This licensing progress marks a significant step forward for Pakistan in building a regulated and innovative digital asset ecosystem.
