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Pakistan’s fast crypto adoption triggers financial risk fears

Pakistan’s fast crypto adoption triggers financial risk fears

Officials and experts warn Islamabad about hastily licensing Binance and HTX

20260113 Pakistan Bit Coin

Pakistan believes it has come up with a way to make government and other assets more accessible to global investors, thereby improving liquidity, but one that is raising alarm bells. (Nikkei montage/Source photos by Reuters)

ADNAN AAMIR

ISLAMABAD — Pakistan took several key steps toward cryptocurrency adoption in 2025, with the latest move in December by a new regulator granting preliminary clearances to global exchanges Binance and HTX, a development that has raised concerns about potential oversight gaps posing financial and regulatory risks.

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