binanceinpakistan

Meet Bilal Bin Saqib: The Visionary Driving Pakistan's Crypto Revolution!
As a renowned British-Pakistani entrepreneur and blockchain expert, Bilal Bin Saqib is spearheading Pakistan's cryptocurrency and blockchain initiatives. His appointment as Chief Advisor to the Finance Minister on Pakistan's Crypto Council in March 2025 marked a significant milestone in the nation's journey towards embracing digital finance.
A Trailblazer in Blockchain and Social Impact
Bilal's expertise in blockchain is matched by his passion for social innovation. He founded (link unavailable) to tackle water scarcity and co-founded the One Million Meals initiative, showcasing his commitment to harnessing technology for positive change.
A Leader in Digital Finance and Emerging Markets
Bilal's work in blockchain is part of his broader mission to develop digital finance solutions for emerging markets. His leadership has earned him notable recognition, including:
An MBE award in 2023
A place on Forbes' 30 Under 30 Asia list
Shaping the Future of Crypto in Pakistan
As a key architect of Pakistan's cryptocurrency strategy, Bilal is driving the development of a secure and well-regulated framework for digital assets. His vision and expertise are poised to transform Pakistan's financial landscape, cementing his status as a pioneer in the crypto space.
#CryptoForGood #BlockchainForPakistan #BinanceInPakistan #CryptoRevolution #Innovation"

#Pakistan ’s Virtual Assets Regulatory Authority has issued No Objection Certificates to Binance and HTX, allowing both global crypto platforms to begin formal registration and engagement activities in the country.The approval follows a review of governance, compliance, and risk controls conducted with public-sector stakeholders.The NOCs permit the companies to register on the FMU goAML system, engage with SECP to set up local subsidiaries, and prepare their full licence applications once regulations are finalized. The certificates are not operating licences.
“The introduction of this structured NOC framework demonstrates Pakistan’s commitment to responsible innovation and financial discipline.”said the Finance Minister Senator Muhammad Aurangzeb.

As part of its digital transformation, #PVARA is becoming the world’s first AI-enabled virtual assets regulatory authority. The Authority has already deployed an AI-powered application evaluation system used in reviewing VASP submissions, an in-house AI-enabled recruitment portal, and an AI-assisted regulatory document review tool. These capabilities enhance supervisory efficiency and align Pakistan with global regulatory standards.

With Pakistan already ranked third globally in #crypto adoption and trade in Digital Coin like $BTC $ETH $BNB and home to an estimated 30 to 40 million users, Industry-wide assessments estimate that annual digital asset trading activity linked to Pakistan exceeds USD 300 billion. The Authority has prioritized timely, structured regulation to bring market activity into a compliant, transparent, and internationally aligned framework.
#BinanceinPakistan #news

السلام عليكم أصدقائي المتعلمين للعملات المشفرة! اليوم سنتحدث عن منصة تعتبر أكبر وأشهر بورصة للعملات المشفرة في العالم — بينانس. إذا كنت تبدأ رحلة جديدة في عالم العملات المشفرة، فإن بينانس قد تكون خطوتك الأولى.
📌 بينانس هو منصة عالمية لتبادل العملات الرقمية حيث يمكن للناس شراء وبيع وتداول العملات الرقمية مثل بيتكوين، إيثريوم، بي ان بي، وغيرها من العملات المشفرة. كان المكتب الرئيسي لبينانس في الصين، لكنه الآن يعمل في جميع أنحاء العالم، وقد حصل على ثقة أكثر من 100 مليون مستخدم.

#Binance #BinanceinPakistan
CZ Joins Pakistan’s Crypto Council: A New Chapter for Crypto Adoption.
Changpeng "CZ" Zhao, co-founder and former CEO of Binance, has officially joined Pakistan’s newly established Crypto Council as a strategic adviser. This significant move highlights Pakistan’s growing commitment to adopting cryptocurrency and blockchain technology within its financial system.
Why Pakistan is Turning to Crypto?
1. Financial Inclusion for the Unbanked:
A large segment of Pakistan’s adult population remains outside the traditional banking system. Cryptocurrencies provide an alternative way for these individuals to access and engage with financial services.
2. High Volume of Remittances:
As one of the top countries for receiving remittances, Pakistan can greatly benefit from crypto’s lower transaction fees and quicker international transfers.

3. A Young, Tech-Savvy Population:
With over 60% of its population under the age of 30, Pakistan is home to a dynamic and adaptable youth who are more likely to embrace digital financial solutions.

4. Economic Challenges:
Ongoing issues such as rising inflation and a weakening national currency have prompted many Pakistanis to explore crypto as a hedge against financial uncertainty.
What CZ’s Role Means for Pakistan?
Bringing CZ on board as a strategic adviser is expected to bring several advantages:
Credibility Boost: His global reputation adds legitimacy to Pakistan’s crypto initiatives and regulatory ambitions.
Access to Global Knowledge: CZ’s deep industry expertise will help shape effective strategies and policies.
Increased Investor Interest: His presence may attract international investors, unlocking new growth opportunities for the local crypto ecosystem.
Stronger Regulations: With guidance from seasoned experts like CZ, Pakistan can develop clearer, more robust regulatory frameworks.
Looking Ahead
CZ’s appointment signals a bold step forward in Pakistan’s journey toward digital finance. With the right guidance and support, the country is poised to become a significant player in the global crypto space.

في البداية، كانت هناك حجارة. مصقولة، ومستديرة، ومصنوعة بصعوبة، أصبحت هذه الحجارة همسات عن القيمة بين الجيران والقبائل.
تلتها الأصداف البحرية، وكانت أنماطها المعقدة ذات قيمة مثل ندرتها. كانت الإنسانية، التي لا تزال قلقة، تبحث عن وسيلة لجعل التجارة أخف، لفصل القيمة عن وزن الأشياء. وهكذا، ظهرت العملات الذهبية، وكان بريقها شهادة على أحلام الحضارة.
ثم جاءت الورقة - كيمياء الثقة والحبر. وعد من الملوك والحكومات بأن هذه الأوراق تحمل نفس قيمة الذهب المحتجز. أصبحت الأموال، التي كانت ملموسة ومربوطة بالأرض، أثيرية، فكرة - خيال مدعوم بالإيمان الجماعي.

Binance, the world's largest cryptocurrency exchange, has experienced a tumultuous yet transformative journey in Pakistan. What began as an unregulated, often-maligned platform viewed with religious suspicion has now moved towards a meticulously structured regulatory framework. This evolution reflects not only Pakistan's changing stance on digital assets but also the global maturation of the cryptocurrency industry.
The Islamic Perspective: From Doubt to Deliberation $
In its nascent stages, the very concept of cryptocurrency, and by extension platforms like Binance, faced significant skepticism from Islamic scholars. The primary concerns revolved around fundamental Islamic finance principles:
The Initial Islamic View (2017-2023): A Zone of Prohibitions
.Gharar (Excessive Uncertainty): Early on, many scholars viewed cryptocurrencies as lacking tangible value or clear underlying assets, likening them to speculative ventures with inherent ambiguity, thus making them potentially impermissible.
.Maysir (Gambling): The extreme price volatility of digital assets often led to comparisons with gambling, where outcomes are uncertain, and wealth is created at another's loss, which is strictly forbidden in Islam.
.Riba (Interest): Binance's early offerings, particularly its "Earn" products and margin trading, involved interest-based lending and borrowing, a direct violation of Islamic financial law
The Modern Islamic View (2024 Onwards): Nuance and Permissibility
As the crypto industry matured, so did the scholarly discourse. Today, a more nuanced understanding prevails, differentiating between permissible and impermissible activities on Binance:
.Spot Trading (Generally Halal): The consensus among contemporary Islamic scholars is that purchasing a cryptocurrency outright (spot trading) is akin to buying a commodity. Provided the underlying project is Shariah-compliant (i.e., not involved in gambling, pornography, or interest-based finance), this activity is generally considered permissible.
.Shariah-Compliant Staking & Earning: Binance has proactively addressed religious concerns by introducing Shariah-compliant staking services. These products are designed to generate rewards from network participation (Proof of Stake) rather than interest, often verified by reputable Islamic finance advisory firms like Amanie Advisors.
.Futures & Margin Trading (Haram): Activities involving leveraged trading, futures, and options continue to be largely considered impermissible (Haram) due to elements of selling what one does not own (gharar) and the presence of interest (riba) in margin financing.
The global shift in Islamic finance towards embracing ethical innovation means that responsible engagement with Binance's Shariah-compliant offerings is now widely accepted.
Why Pakistan Initially Restricted Binance: The Regulatory Labyrinth
For years, Binance operated in a legal "grey area" within Pakistan. While millions of users actively traded on the platform, it lacked official recognition and banking integration. The reasons for this prolonged regulatory caution were multifaceted:
The 2018 SBP Circular: The State Bank of Pakistan's directive in 2018 explicitly prohibited banks from dealing with cryptocurrencies. This measure was primarily aimed at:
.Combating Money Laundering (ML) & Terrorist Financing (TF): Global financial watchdog FATF (Financial Action Task Force) pressure was a key driver, pushing Pakistan to control unregulated financial flows.
.Preventing Capital Flight: The government feared that an open crypto market could lead to a significant outflow of Pakistani Rupees (PKR) into digital assets (like USDT), further depleting the nation's foreign exchange reserves and destabilizing the local currency.
2.Lack of Legal Framework: Without specific legislation defining virtual assets, the government found it challenging to regulate, tax, or even acknowledge platforms like Binance. This legal vacuum made direct integration with the formal financial sector impossible.
3.Consumer Protection Concerns: The inherent volatility and potential for scams in the unregulated crypto market also raised concerns about protecting Pakistani investors.
The Timeline: Binance's Journey in Pakistan (2017-2026)
The narrative of Binance in Pakistan is a dynamic one, marked by shifts from outright prohibition to a structured regulatory approach.
.2017 - 2019: The Era of Strict Prohibition & Underground Trading
This period was characterized by the SBP's strict circular banning crypto transactions. The Federal Investigation Agency (FIA) initiated sporadic crackdowns, making it a high-risk environment for traders. Binance operated largely underground, with users relying heavily on informal channels.
.2020 - 2023: The "Grey Area" & P2P Boom
Despite the ban, cryptocurrency adoption surged. The economic volatility in Pakistan pushed many towards crypto as a hedge against inflation. Binance's P2P (Peer-to-Peer) trading became the dominant method for converting PKR to crypto, bypassing traditional banks. Public interest intensified, leading to landmark high court cases (e.g., Waqar Zaka's petition), pushing the government towards considering regulation rather than outright prohibition.
.2024 - 2025: Regulatory Momentum & Framework Development
The government, recognizing the futility of a complete ban and the potential for a new revenue stream, began drafting a regulatory framework. The Pakistan Crypto Council (PCC) was established to advise on policy. Crucially, the SBP clarified that merely holding cryptocurrency was not illegal, though bank facilitation remained restricted. This period saw increased engagement between industry stakeholders and regulators.
.Today (January 2026): Regulated Entry & Formal Recognition
This marks a pivotal moment. The Pakistan Virtual Assets Regulatory Authority (PVARA), established through the Virtual Assets Ordinance promulgated in late 2025, has granted Binance a No Objection Certificate (NOC). This allows Binance to register its local entity, begin the process of formal integration, and eventually offer direct bank deposits. Binance has also signed an MoU with the Ministry of Finance to explore tokenizing state assets, signifying a collaborative future. While P2P remains active during this transitional phase, the path is now clear for direct banking integration once the final Virtual Assets Act is fully implemented
The Future: Binance as a Regulated Entity in Pakistan
As of early 2026, Binance is no longer operating in the shadows. With the PVARA's approval, it is moving towards becoming a fully regulated entity within Pakistan's financial ecosystem. This transition brings several implications:
.Taxation: Digital asset gains will now be subject to Capital Gains Tax and other applicable levies, ensuring revenue generation for the government.
.AML/CFT Compliance: Binance will be required to fully integrate with Pakistan's Anti-Money Laundering and Counter-Financing of Terrorism reporting systems (e.g., goAML), enhancing financial transparency and security.
.Consumer Protection: With regulatory oversight, mechanisms for investor protection, dispute resolution, and clear operational guidelines will be established.
.Economic Integration: The formal recognition of virtual assets opens doors for blockchain innovation, potentially attracting foreign investment, and fostering a digital economy in Pakistan.
The journey of Binance in Pakistan is a testament to the irresistible force of technological innovation meeting the immovable object of traditional regulation. The current landscape in 2026 demonstrates a pragmatic acceptance, marrying Islamic principles with modern finance, and moving Pakistan towards a more digitally integrated future.
#BinanceinPakistan #WriteToEarnUpgrade #StrategyBTCPurchase
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