HTX, one of the world's leading digital asset exchanges with over 50 million registered users, has officially obtained a No Objection Certificate (NoC) from the Pakistan Virtual Asset Regulation Authority (PVARA). This certificate initiates the formal licensing process under Pakistan's Virtual Assets Ordinance of 2025, making HTX one of the first global platforms to embark on this regulatory journey in the country.
The NoC is a landmark step that allows HTX to proceed with the necessary procedures to secure full authorization as a Virtual Asset Service Provider (VASP). As part of this process, HTX will register with Pakistan's Financial Monitoring Unit (FMU) to offer anti-money laundering (AML)-compliant services. These services are set to include exchange operations, broker-dealer activities, custody solutions, and derivatives trading.
Justin Sun, Global Advisor to HTX, emphasized the significance of this development, stating, "Pakistan is one of the fastest-growing crypto markets in the world, with millions of young, tech-savvy users eager to participate in the global digital economy. We are honored to be granted this NoC by PVARA and are committed to working closely with the Authority to set the highest industry standards of compliance, transparency, and user protection."
Sun further noted that the approval represents not just a recognition for HTX but also a vote of confidence in Pakistan's vision for cryptocurrency adoption. The move marks a major milestone in Pakistan's progression toward establishing a regulated and innovative digital asset ecosystem.
Founded in 2013 as Huobi, HTX has evolved into a comprehensive blockchain ecosystem encompassing trading, derivatives, research, investments, and incubation. The exchange adheres to a growth strategy focused on global expansion, ecosystem development, wealth effect, and security & compliance.
