Pakistan signals increased cryptocurrency regulation following talks with Binance.

According to Mars Finance, Pakistan announced its intention to advance its digital asset regulatory plan following talks with a delegation from cryptocurrency exchange Binance. Pakistani Prime Minister Shehbaz Sharif and Army Chief of Staff Marshal Syed Asim Munir attended the meeting, while Binance CEO Richard Teng led the delegation. Bilal Bin Saqib, Chairman of the Virtual Asset Regulatory Authority of Pakistan (PVARA), briefed the Binance delegation on the country's regulatory plan. The Prime Minister's Office stated that Pakistan aims to establish a "transparent and secure" digital asset framework that supports innovation while protecting investors. This meeting is part of a broader initiative by Pakistan this year to formalize cryptocurrency regulation, including establishing a dedicated digital asset regulatory body and clarifying exchange rules. Saqib also stated that Pakistan is developing a sovereign stablecoin and exploring central bank digital currencies (CBDCs). According to Chainalysis data, Pakistan ranks among the top countries globally in cryptocurrency adoption.