Binance obtains AML registration in Pakistan under PVARA

Binance has announced what it describes as a significant regulatory development in Pakistan following ongoing engagement between its senior leadership and Pakistani government officials. The company states these discussions—led by Binance Co-CEO Richard Teng—reflect its commitment to supporting the growth of a regulated and secure digital-asset ecosystem in the country. 

The core update is that Binance says it has obtained an AML registration under PVARA’s framework. Binance frames this as an important milestone toward full licensing and local incorporation in Pakistan. 

According to the announcement, this is a phased approach: it is intended to enable Binance to provide AML-registered cross-border services while it prepares for full Virtual Asset Service Provider (VASP) licensing, aligned with Pakistan’s regulatory roadmap. In parallel, Binance positions the move as part of broader collaboration with regulators and stakeholders across South Asia to support a more robust, transparent, and inclusive virtual asset ecosystem. 

From an impact perspective, the key point is that Binance characterises the change as regulatory structuring, not a product or user-experience redesign. It explicitly states the update is not intended to change how users interact with the platform and that day-to-day use will remain substantially the same.

Source: Update on Binance and Pakistan Collaborate to Foster Digital Asset Growth and Regulatory Development | Binance Announcements ,Binance News