Binance and HTX's PVARA Licence Deadline Falls Around 21 November
PVARA's own 2025 rules give Binance and HTX until about 21 November to seek a full licence. The regulator hasn't said so, and a miss need not be public.
Which platforms are licensed in Pakistan, how they handle PKR, and what they cost.
PVARA's own 2025 rules give Binance and HTX until about 21 November to seek a full licence. The regulator hasn't said so, and a miss need not be public.
Most Pakistani PKR-to-USDT trades run through Binance P2P, not a licensed exchange. Here is what its escrow holds, and what it does not.
PVARA cut Schedule-I capital minimums up to 70% from its June 2026 draft, but also dropped the only relief route for smaller applicants.
The ECC funded Pakistan's virtual asset regulator in September 2025. Ten months on, here is the verifiable record — what has shipped, and what has not.
No exchange is licensed in Pakistan. Binance and HTX hold No Objection Certificates; Bitget is reported to have entered the NOC pipeline, which is not the same thing. None of that is a licence. What that means for your money, and how PKR actually moves.
Pakistan’s Virtual Asset Regulatory Authority (PVARA) has invited global crypto exchanges and VASPs to register under a new framework, aiming to regulate $300B in annual trading volume and bring transparency to its 40M+ crypto users.
Pakistan is expected to license all crypto exchanges and approve Bitcoin mining companies in August 2025, a move that could redefine Bitcoin Pakistan and the country's crypto future.