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Pakistan is accelerating its push toward regulated crypto adoption by hosting CZ, Justin Sun and Richard Teng in the country.
Author: Sahil Thakur
Published On: Mon, 15 Dec 2025 01:44:47 GMT
15th December 2025 – Pakistan is accelerating its push toward regulated crypto adoption. Last week, the country hosted several major global crypto leaders. These included Binance founder Changpeng Zhao, TRON founder Justin Sun, and Binance CEO Richard Teng. Their visits came as Pakistan advanced plans around regulation, asset tokenization, and exchange licensing.
On December 12, 2025, Pakistan’s Finance Minister Muhammad Aurangzeb signed a non-binding Memorandum of Understanding with Binance CEO Richard Teng. The agreement focuses on tokenizing up to $2 billion in state-owned assets. These assets include sovereign bonds, treasury bills, and commodity reserves.
Changpeng Zhao, widely known as CZ, attended the signing ceremony. He currently serves as a strategic advisor to the Pakistan Crypto Council. During the visit, he described the MoU as a major signal for the global blockchain industry.
This marked CZ’s second visit to Pakistan. During the trip, he met with officials from the Pakistan Virtual Assets Regulatory Authority. He also engaged with local blockchain leaders and policymakers. On X, CZ highlighted Binance’s advisory role on asset tokenization and discussions around a potential national stablecoin.
At the same time, TRON founder Justin Sun visited Pakistan alongside CZ. His visit followed a major regulatory development. Pakistan’s virtual asset regulator granted HTX a No Objection Certificate. This approval allows HTX to begin a phased licensing process under local rules.
Sun called the approval a decisive step toward a regulated digital asset future in Pakistan. He also pointed to TRON’s strength in remittances and stablecoin payments. These use cases align with Pakistan’s large population and strong demand for low-cost transfers.
During the visit, Sun participated in public events, including a visit to the Faisal Mosque in Islamabad. His presence drew attention on social media. However, he made no formal announcements beyond regulatory and ecosystem discussions.
Binance CEO Richard Teng led the company’s senior leadership during meetings in Islamabad. He met with Pakistan’s prime minister, military officials, and regulators. These discussions focused on compliance, user protection, and long-term crypto adoption.
Teng also confirmed Binance’s AML registration with Pakistan’s regulator. He described this step as an important milestone. He emphasized Binance’s commitment to operating under clear and strict regulatory standards.
Together, these visits highlight Pakistan’s intent to position itself as a regulated crypto hub. By engaging directly with industry leaders, the country aims to attract investment, expand tokenization, and shape its digital asset framework.
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@cz_binance this is why crypto adoption feels different irl
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