The Pakistani government has reaffirmed its dedication to establishing a clear regulatory framework for digital assets. This follows a high-level meeting with executives from the global cryptocurrency exchange Binance. The meeting in Islamabad included Binance’s Global CEO, Richard Teng. It was attended by Prime Minister Shehbaz Sharif and Chief of Defence Staff, Field Marshal Asim Munir.
In a statement, the Prime Minister’s Office said the government remains committed to creating “a transparent and secure regulatory framework for digital assets to promote innovation while safeguarding investors’ interests.” Bilal Bin Saqib, Chairman of the newly formed Pakistan Virtual Assets Regulatory Authority (PVARA), briefed the attendees on the country’s emerging virtual asset ecosystem. He also covered the authority’s ongoing initiatives.
Big move for Pakistan – Govt, SBP, banks, and Binance leaders chart a regulated digital asset roadmap, tapping into $38B annual remittances pic.twitter.com/eJ7M3wDBbC
— Mansoor Ahmed Qureshi (@MansurQr) December 6, 2025This engagement aligns with Pakistan’s preparations to enter the global digital finance arena. Saqib had previously confirmed at Binance Blockchain Week that Pakistan would “definitely launch” its first stablecoin. They will also advance Central Bank Digital Currency (CBDC) development. This forms part of a broader strategy to integrate virtual assets into the national economy formally.
Read: Bilal Bin Saqib Resigns as Pakistan’s Crypto Minister
Pakistan presents a unique case, ranking as the world’s third-largest crypto market in the 2025 Chainalysis Global Crypto Adoption Index. This places them ahead of major economies like China and Germany. The market is driven by high transaction volumes, ranking second globally in retail-size transactions.
Finance Division hosted a high-level consultative meeting on Pakistan’s National Digital Asset Framework, co-chaired by Finance Minister Senator Muhammad Aurangzeb and PVARA Chairman Bilal Bin Saqib.
Top leadership from the State Bank, presidents of major Pakistani banks, and… pic.twitter.com/pKKkszutLz
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 5, 2025Saqib noted the challenge and opportunity, stating, “Pakistan is the world’s third-largest crypto market without any regulatory framework. Now we want to turn this momentum into a global case study.” He cautioned that user estimates remain unverified due to a lack of nationwide studies.
The country now stands at a critical juncture, with a youth-driven crypto market expanding rapidly. It progresses alongside a regulatory framework still under construction. The future of Pakistan as a high-growth digital asset hub will depend on effectively balancing innovation, investor protection, and long-term economic stability.
