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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