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On 3 December 2025, a high level policy meeting was convened at the Finance Division to review Pakistan’s National Digital Asset Framework. Richard Teng attended along with senior Binance officials, Finance Minister Muhammad Aurangzeb, PVARA Chairman Bilal bin Saqib, State Bank representatives, and executives from top commercial banks. The discussions focused on aligning Pakistan’s regulatory structure with FATF standards, improving KYC/AML frameworks, and laying the groundwork for responsible digital asset adoption. Officials emphasized the need to provide clarity to investors and firms operating in Pakistan’s fintech and crypto space.
Following the Finance Division meeting, on 6 December 2025, Teng led a senior Binance delegation to meet Prime Minister Muhammad Shehbaz Sharif, Chief of Army Staff Field Marshal Syed Asim Munir, and other senior government officials.
The discussions covered regulatory architecture, investment opportunities, and the role of global exchanges in fostering formal and transparent digital financial systems. PVARA Chairman Bilal bin Saqib briefed the delegation on ongoing initiatives, enforcement mechanisms, and Pakistan’s priority to harmonize virtual asset rules with international best practices.
From the meeting visuals, a senior official remarked,
“Pakistan aims to build a digital ecosystem where innovation grows within a compliant and transparent framework.”
Significance of the Visit
Teng’s engagement comes as Binance undergoes global restructuring and compliance reforms. Pakistan’s openness to consulting with leading international platforms reflects its intention to create a regulated virtual asset ecosystem while exploring broader applications of blockchain based financial technologies.
Despite lacking fully formalized rules, Pakistan remains among the top countries in global crypto adoption, highlighting the urgency of a clear regulatory framework. The discussions are expected to influence upcoming policies, strengthening financial transparency, reducing misuse of digital channels, and supporting responsible innovation.
