Binance Receives Anti-Money Laundering Registration in Pakistan, Will Provide Cross-Border Crypto Services

BlockBeats News, December 12th, Binance announced a significant regulatory development in Pakistan. It has successfully obtained Anti-Money Laundering (AML) registration under the Pakistan Virtual Asset Regulator Authority (PVARA) framework, marking a key step towards obtaining a full license and achieving local registration in Pakistan. Following a phased approach, Binance will initially provide cross-border services under its AML registration status before obtaining a full Virtual Asset Service Provider (VASP) license, all while strictly adhering to Pakistan's regulatory roadmap requirements.

Binance will continue to focus on supporting the digital economy development in South Asia and looks forward to ongoing collaboration with regional regulatory bodies and all stakeholders to build a robust, transparent, and inclusive virtual asset ecosystem.