Frequently Asked Questions on Binance’s Licensing in Pakistan

1. What does this mean for users in Pakistan?

The changes relate to regulatory structuring and are not meant to alter the way that you interact with the platform. Your day-to-day use of the platform will remain substantially the same.

2. Does this mean my data will now be shared with the government? 

At Binance, we take your privacy and data security very seriously. We prioritise protecting your personal information and adhere to strict data protection policies. Your data will never be shared with any government or third party unless we are legally required to do so under applicable laws and regulations. If you have any further questions or concerns about your data, please feel free to reach out to our support team.

3. What about taxation?

This does not create new tax obligations for you. Tax rules depend on the laws of your country, not on where our platform is licensed.

4. What does this mean in the context of your license with ADGM? 

The ADGM license sets a positive precedent but does not automatically change our regulatory status elsewhere. We will continue to work with regulators in other countries to comply with local laws.