“The agreement comes as Pakistan accelerates the rollout of a formal crypto regulatory framework and explores blockchain-based distribution of government-owned assets.”, — write: www.coindesk.com
The memorandum of understanding (MOU) with the world’s largest crypto exchange by trade volume highlights Pakistan’s push to use blockchain technology to unlock liquidity and attract foreign investment as it explores a formal crypto regulatory framework.
Pakistan’s Finance Ministry said the initiative could pave the way for tokenizing additional government-owned real-world assets and distributing them on blockchain-based platforms.
The announcement comes one day after the Chairman of Pakistan’s Virtual Assets Regulatory Authority (VARA), Bilal Bin Saqib, announced in a video interview with CoinDesk his country’s plans to accelerate crypto adoption, leverage Bitcoin mining, and launch a national stablecoin.
Pakistan’s regulatory moves mirror a broader global trend. The United Arab Emirates, Japan and parts of the European Union are expanding formal licensing rules for crypto exchanges amid broader global regulatory tightening.
Binance founder Changpeng Zhao said the agreement was “a great signal for the global blockchain industry and for Pakistan”, adding that it marks the start of a move toward full deployment of the tokenization initiative.
Also today, according to Reuters, the VARA said it issued early approvals to Binance and HTX after reviewing their governance and compliance controls, allowing them to register on the Anti-Money Laundering system, set up local units and prepare full applications.
Binance did not immediately respond to a CoinDesk request for more information.
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
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- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world’s dominant stablecoin with a $186 billion market capitalization.
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