In a milestone moment for global digital cooperation, the Government of Pakistan and the Republic of Liberland have formally entered into a ground-breaking partnership aimed at advancing virtual asset regulation and blockchain innovation. The Memorandum of Understanding (MoU) was signed in Islamabad between the Pakistan Virtual Assets Regulatory Authority (PVARA) and a delegation from Liberland led by its Prime Minister, H.E. Justin Sun.
The ceremony was attended by Finance Minister Muhammad Aurangzeb, PVARA Chairman Bilal Saqib, senior officials, and international representatives. During the event, the Government of Pakistan announced the issuance of a No-Objection Certificate (NOC) to leading global crypto exchanges Binance and HTX, authorizing them to commence preliminary operations and advisory services in the country. Officials emphasized that the NOC marks the beginning of a structured licensing process, not the issuance of a full operational license.
Finance Minister Aurangzeb praised the developments as a reflection of Pakistan’s commitment to “financial discipline and responsible innovation.” He noted that PVARA is positioning itself as the world’s first AI-driven virtual asset regulator, with the deployment of AI-assisted monitoring systems, evaluation tools, and a digital recruitment portal to strengthen regulatory oversight.
At the center of the proceedings was the signing of the MoU with the CEO of Tron and PM of Liberland H.E. Justin Sun, a nation recognized for its pioneering approach to blockchain governance. Prime Minister Justin Sun described the agreement as a convergence of forward-looking ideals. “Liberland, founded on the principles of innovation and liberty, sees in Pakistan a nation ready to lead the next digital revolution,” he said. “Together, we aim to develop a model for the future of finance, combining Liberland’s governance expertise with Pakistan’s vast digital market.”
H.E. Faisal Butt, Ambassador-at-Large of Liberland to Pakistan and Nepal, outlined the immediate priorities under the new partnership. “My focus will be to ensure this MoU translates into tangible ventures,” he noted, highlighting planned collaborations in blockchain education, talent development, and the creation of interoperable regulatory technologies. “Our goal is to help position Pakistan as a global centre for responsible crypto innovation.”
PVARA Chairman Bilal Saqib emphasized that the NOC issuance and the MoU form part of a larger strategy to build a secure and transparent digital asset ecosystem in Pakistan. “This is the first definitive step toward a fully licensed and regulated digital market,” he said. “Every participating entity will be required to uphold strict standards of consumer protection, financial transparency, and governance.”
With Pakistan ranked third globally in cryptocurrency adoption—home to an estimated 30–40 million users and generating more than $300 billion in annual digital asset trading volume—the agreement with Liberland is expected to unlock new opportunities across virtual assets, financial technology, and digital governance. The partnership lays the groundwork for future collaboration in areas including central bank digital currencies (CBDCs), regulatory sandboxes, and emerging digital infrastructure. Both sides affirmed their commitment to continued dialogue with local and international stakeholders as Pakistan advances toward a secure, innovative, and globally aligned digital economy.
