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Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
- On Dec 12, Pakistan's finance ministry signed an MoU with Binance, crypto exchange, to explore tokenisation of up to $2 billion in sovereign bonds, T-bills and commodity reserves to boost liquidity and attract investors.
- The move follows a rapid digital-finance overhaul that created the Pakistan Crypto Council, established the Virtual Assets Regulatory Authority, and plans a CBDC pilot and Virtual Assets Act for 2025.
- Tokenisation converts assets into digital tokens, including sovereign bonds, T-bills, and commodity reserves, and Binance founder Changpeng Zhao said it is `a great signal for the global blockchain industry and for Pakistan`.
- VARA issued initial clearances allowing Binance and HTX to register on the Anti-Money Laundering system and prepare full licence applications, while Chair Bilal bin Saqib said this starts Pakistan's phased licensing process.
- The MoU aligns Pakistan with global licensing shifts as the UAE, Japan and parts of the EU expand formal crypto licensing, and Pakistan ranks third by retail crypto activity, Saqib said earlier this week at Binance Blockchain Week Dubai 2025.
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Pakistan Signs Deal With Binance to Tokenize Up to $2 Billion in Assets
NEWS BRIEF Pakistan has signed a memorandum of understanding with cryptocurrency exchange Binance to explore tokenizing up to $2 billion of sovereign assets, including bonds, treasury bills, and commodity reserves. In a separate move, regulators granted initial clearance to Binance and digital-asset platform HTX to begin the process of establishing licensed local subsidiaries. WHAT HAPPENED […] The post Pakistan Signs Deal With Binance to Tokeni…
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Pakistan, Binance to explore 'tokenisation' of up to $2bn in assets
NOCs do not constitute full operating licence: PVARA.Minister says move demonstrates commitment to innovation.PVARA emphasises timely regulation to ensure transparency.ISLAMABAD: Pakistan has inked a memorandum of understanding with Binance to...
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Total News Sources34
Leaning Left1Leaning Right4Center4Last UpdatedBias Distribution45% Center, 44% Right
Bias Distribution
- 45% of the sources are Center, 44% of the sources lean Right
45% Center
11%
C 45%
R 44%
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