There’s a new development coming out of Pakistan—the authorities have made it clear that they’re going to establish a regulatory framework for digital assets, which means they’re getting serious about bringing the crypto industry under regulatory oversight.

What’s noteworthy is that this isn’t just talk. Prime Minister Shehbaz Sharif, Chief of Army Staff Syed Asim Munir, and Bilal Bin Saqib, the head of the Virtual Assets Regulatory Authority (PVARA), all met directly with Binance’s global CEO Richard Teng.

With this level of engagement, the message is clear: Pakistan wants to actively participate in shaping the global crypto market’s rules rather than just sitting on the sidelines or taking a hardline ban. For local players, this could be both an opportunity and a challenge—the compliance process will accelerate, but the rules of the game will also become much clearer.