{"id":30409,"date":"2025-12-06T18:04:12","date_gmt":"2025-12-06T18:04:12","guid":{"rendered":"https:\/\/ipp-news.com\/?p=30409"},"modified":"2025-12-06T18:04:12","modified_gmt":"2025-12-06T18:04:12","slug":"govt-underscores-commitment-to-crypto-regulation-in-talks-with-binance-chief","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=30409","title":{"rendered":"Govt underscores commitment to crypto regulation in talks with Binance chief"},"content":{"rendered":"<div>The government has reiterated its commitment to building a transparent and secure regulatory framework for digital assets, as senior officials held a high-level meeting with Binance leadership, including its Global CEO Richard Teng, during his visit to Islamabad.<\/p>\n<p>Prime Minister Shehbaz Sharif and Chief of Defence Forces, Field Marshal\u00a0Asim Munir were also present in the meeting. The meeting was briefed on Pakistan\u2019s emerging virtual asset ecosystem.\u00a0Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), also participated and outlined the authority\u2019s recent progress and ongoing initiatives.<\/p>\n<p>Read: Pakistan ranks third globally in crypto despite no regulation: Bilal Bin Saqib<\/p>\n<p>In a statement, the Prime Minister\u2019s Office said the government remained committed to creating \u201ca transparent and secure regulatory framework for digital assets to promote innovation while safeguarding investors\u2019 interests.\u201d<\/p>\n<p>The engagement comes as Pakistan prepares to step into the global digital finance arena through the launch of its first stablecoin\u2014part of a broader plan to integrate virtual assets into the national economy.<\/p>\n<p>Saqib had earlier confirmed the development during Binance Blockchain Week, where he said Pakistan would \u201cdefinitely launch\u201d a stablecoin while also progressing on Central Bank Digital Currencies (CBDCs).<\/p>\n<p>He made the comments during a panel discussion on emerging-market regulation hosted by the Pakistan Crypto Council. His appearance followed earlier announcements this year, including the unveiling of Pakistan\u2019s first government-led Strategic Bitcoin Reserve at Bitcoin Vegas\u2014an event attended by prominent US political figures.<\/p>\n<p>In May, the government allocated 2,000 megawatts of electricity for the first phase of a national programme supporting Bitcoin mining and artificial intelligence data centres.<\/p>\n<p>Pakistan remains one of the world\u2019s most active crypto markets. According to the 2025 Chainalysis Global Crypto Adoption Index, the country ranks third globally\u2014ahead of major economies including China, Germany and Japan. It also stands second in retail-size crypto transactions and third in activity on centralised exchanges, reflecting a market driven by high transaction volumes.<\/p>\n<p>Also Read: Pakistan to launch first stablecoin, says official<\/p>\n<p>Saqib said Pakistan seeks to channel this momentum through a structured regulatory environment that protects investors without stifling innovation. \u201cPakistan is the world\u2019s third-largest crypto market without any regulatory framework,\u201d he said at Binance Blockchain Week Dubai. \u201cNow we want to turn this momentum into a global case study.\u201d<\/p>\n<p>He cautioned, however, that the rankings measure transaction volume rather than the number of individual crypto holders. Estimates suggesting 20 to 40 million Pakistani users, he added, remain unverified due to the absence of independent nationwide studies.<\/p>\n<p>Pakistan now finds itself at a critical point: a rapidly growing youth-driven crypto market is expanding alongside a regulatory framework still under development. While adoption continues to surge\u2014particularly among younger, tech-oriented users\u2014risks linked to volatility, limited public awareness and past scams persist.<\/p>\n<p>Pakistan\u2019s future as a high-growth crypto market, Saqib said, will depend on how effectively regulation balances innovation, investor protection and long-term stability.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government has reiterated its commitment to building a transparent and secure regulatory framework for digital assets, as senior officials held a high-level meeting with Binance leadership, including its Global CEO Richard Teng, during his visit to Islamabad. Prime Minister Shehbaz Sharif and Chief of Defence Forces, Field Marshal\u00a0Asim Munir were also present in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-30409","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/30409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30409"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/30409\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}