HTX Receives Official NoC in Pakistan to Start Licensing Process
HTX, a popular crypto exchange, has announced a landmark development in worldwide licensing efforts. Hence, the Pakistan Virtual Asset Regulation Authority (PVARA) has granted HTX a No Objection Certificate (NoC). As the platform revealed in its official press release, the development places HTX among the earliest crypto exchanges to start the official licensing procedure in Pakistan. Additionally, the move indicates a substantial advancement toward the expansion of regulated crypto operations with a swiftly expanding market of more than 250M people.
HTX Gets NoC from Pakistan’s PVARA to Move Forward toward Complete Licensing Process
The NoC from the Pakistan Virtual Asset Regulation Authority (PVARA) permits HTX to move forward in the licensing procedure under the exclusively developed Virtual Asset Ordinance, 2025. As a result of this, HTX is getting ready to unveil withdrawals and deposits while committing to complete compliance with local regulatory guidelines. The provision of NoC underscores a defining development in the country’s transformation into a compliance-driven and structured digital asset market.
With the respective approval, HTX is heading toward the next licensing steps while aiming to establish a secure and seamless trading experience for Pakistani consumers. This reflects the platform’s objective of supporting new markets with next-gen technological infrastructure. Thus, HTX will register with the Financial Monitoring Unit (FMU) of Pakistan to offer AML-compliant services while working toward complete Virtual Asset Service Provider (VASP) approval.
This takes into account compliant access to brokerage, trading, derivatives, and custody services while following the financial oversight benchmarks of Pakistan. Additionally, the crypto exchange’s entry is anticipated to notably impact the local sector’s maturity with the delivery of global-scale operational practices and security. While discussing this landmark development, HTX’s Global Advisory Board Member, Justin Sun, expressed enthusiasm. He asserted that Pakistan is one of the most rapidly growing cryptocurrency hubs in the world, led by millions of consumers eager for transparent and accessible financial innovation.
Contributing to Pakistan’s Efforts to Establish More Transparent and Safer Crypto Network
According to HTX, the regulatory progress of the platform could boost confidence among the worldwide entities looking to delve into the digital economy of Pakistan. Additionally, the move also highlights HTX’s commitment to regulatory compliance, user protection, and transparency while Pakistan endeavors to establish an innovative, modern, and safe financial network. Ultimately, while HTX shifts toward complete licensing, this endeavor may drive crypto accessibility, improve user trust, and bolster Pakistan’s fintech growth.
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