PVARA chief, SBP governor discuss digital asset adoption

Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday discussed a range of matters pertaining to digital asset.

The PVARA on its social media platform wrote that a productive discussion between PVARA Chairman Bilal and SBP Governor Jameel was held. The discourse focused on digital asset adoption, Central Bank Digital Currency implementation, and Pakistan’s regulatory roadmap for digital assets, it added.

Govt to allow Binance to explore ‘tokenisation’ of up to $2bn of assets

The development comes days after the Ministry of Finance signed a Memorandum of Understanding (MoU) with Binance, one of the world’s leading blockchain and digital asset technology companies, marking a step toward leveraging emerging financial technologies to strengthen capital markets and enhance global investor access.

The MoU was signed at the Finance Division by Federal Minister for Finance and Revenue, Muhammad Aurangzeb, and Binance CEO Richard Teng in the presence of Adviser to Pakistan Crypto Council Changpeng Zhao (CZ).

The MoU establishes a framework for exploring potential collaboration on the tokenisation and blockchain-based distribution of Pakistan’s real-world and sovereign assets, including government bonds, treasury bills, commodity reserves, and other federally owned assets. Subject to applicable laws, policies, and regulatory approvals, the initiative may involve assets of up to $2 billion to enhance liquidity, transparency, and international market accessibility.