ISLAMABAD: Senior executives of Binance, led by Global CEO Richard Teng, held high-level meetings with Pakistan’s top civilian and military leadership during a visit to Islamabad, state-run Radio Pakistan reported on Saturday.
The visit comes at a time when Pakistan signals a strong commitment to Digital Asset Regulation. Binance is the world’s largest cryptocurrency exchange.
Pakistan’s Prime Minister Shehbaz Sharif and Chief of Defence Forces and Chief of Army Staff, Field Marshal Syed Asim Munir, attended the meeting with Binance leadership in Islamabad, Radio Pakistan reported.
During the meeting, Chairman Pakistan Virtual Assets Regulatory Authority Bilal bin Saqib gave a briefing about his organisation.
In a statement, Pakistan Prime Minister’s Office said the government remained committed to creating “a transparent and secure regulatory framework for digital assets to promote innovation while safeguarding investors’ interests.”
The engagement comes as Pakistan prepares to step into the global digital finance arena through the launch of its first stablecoin—part of a broader plan to integrate virtual assets into the national economy.
Saqib had earlier confirmed the development during Binance Blockchain Week, where he said Pakistan would “definitely launch” a stablecoin while also progressing on Central Bank Digital Currencies (CBDCs).
He made the comments during a panel discussion on emerging-market regulation hosted by the Pakistan Crypto Council.
His appearance followed earlier announcements this year, including the unveiling of Pakistan’s first government-led Strategic Bitcoin Reserve at Bitcoin Vegas—an event attended by prominent US political figures.
In May, the government allocated 2,000 megawatts of electricity for the first phase of a national programme supporting Bitcoin mining and artificial intelligence data centres.
Pakistan remains one of the world’s most active crypto markets. According to the 2025 Chainalysis Global Crypto Adoption Index, the country ranks third globally—ahead of major economies including China, Germany and Japan.
It also stands second in retail-size crypto transactions and third in activity on centralised exchanges, reflecting a market driven by high transaction volumes.
Saqib said Pakistan seeks to channel this momentum through a structured regulatory environment that protects investors without stifling innovation.
“Pakistan is the world’s third-largest crypto market without any regulatory framework,” he said at Binance Blockchain Week Dubai. “Now we want to turn this momentum into a global case study.”
