Pakistan clears Binance and HTX to seek local crypto licenses
PositiveCryptocurrency
- Pakistan has approved cryptocurrency exchanges Binance and HTX to establish local subsidiaries, marking a significant step in the country's regulatory framework for digital assets. This decision aligns with the government's efforts to create a structured environment for cryptocurrency operations within its borders.
- For Binance and HTX, this approval is crucial as it allows them to operate legally in Pakistan, potentially expanding their user base and enhancing their market presence in a region that is increasingly recognizing the importance of cryptocurrency.
- This development reflects a broader trend in the region where countries are beginning to embrace blockchain technology and cryptocurrencies, as seen in recent regulatory advancements in Abu Dhabi, where Binance has also secured multiple licenses. Such moves indicate a growing acceptance of digital currencies as integral components of modern financial systems.
— via World Pulse Now AI Editorial System
