A leading exchange in Pakistan obtains AML registration, further expanding South Asia's compliance landscape.

【Crypto World】Recently, I came across an interesting piece of news — a leading exchange has taken a significant step forward in its regulatory journey in Pakistan. On December 12th, it officially obtained registration under the Pakistan Virtual Assets Regulatory Authority(PVARA) framework for anti-money laundering(AML) registration. What does this mean? In simple terms, it’s an important milestone before obtaining a full license.

According to the plan, the exchange will initially operate cross-border services under AML registration, and will apply for a comprehensive Virtual Asset Service Provider(VASP) license once conditions are met. This phased approach is something we’ve seen in other markets as well — regulators first assess your AML compliance, and once confirmed to be in order, they grant full operational qualifications.

From a strategic perspective, this reflects the increasing formalization of the virtual asset market. The exchange’s expansion in South Asia is also accelerating — gaining regulatory recognition allows for more stable service to local users and promotes digital economic development. In the future, such compliance progress is expected to become more common, with regulators, exchanges, and users working together to build a more transparent and robust ecosystem.