HTX, a prominent player in the global digital asset exchange market, has received a significant boost in its operations with the acquisition of a No Objection Certificate (NoC) from the Pakistan Virtual Asset Regulation Authority (PVARA). This development, announced on December 12, 2025, allows HTX to commence the licensing process under the Virtual Assets Ordinance, 2025, marking a pivotal moment for cryptocurrency regulation in Pakistan.
With over 50 million registered users worldwide, HTX is among the first international exchanges to initiate formal licensing in Pakistan. This move aims to foster a regulated digital asset ecosystem in the country, which has seen a surge in interest in cryptocurrencies. Following the issuance of the NoC, HTX plans to undertake the necessary steps to secure full authorization while closely collaborating with PVARA throughout the licensing process.
Engagement with Regulatory Authorities
As part of its commitment to compliance, HTX will register with the Financial Monitoring Unit (FMU) for anti-money laundering (AML) services. These services include exchange, broker-dealer, custody, and derivatives offerings, all of which are essential components of a compliant virtual asset service provider (VASP).
Justin Sun, Global Advisor to HTX, expressed enthusiasm regarding this approval, highlighting Pakistan’s rapid growth in the cryptocurrency sector. “Pakistan is one of the fastest-growing crypto markets in the world, with millions of young, tech-savvy users eager to participate in the global digital economy,” Sun remarked. He emphasized HTX’s dedication to adhering to the highest industry standards for compliance, transparency, and user protection.
HTX’s Commitment to the Pakistani Market
The issuance of the NoC is not merely a regulatory milestone for HTX; it also serves as a testament to Pakistan’s commitment to fostering a progressive environment for cryptocurrency adoption. Sun added, “Today’s approval is not just a recognition for HTX—it is a vote of confidence in Pakistan’s vision for crypto adoption.”
Founded in 2013, HTX, previously known as Huobi, has transformed from a virtual asset exchange into a comprehensive blockchain ecosystem. The company now offers a wide array of services, including digital asset trading, financial derivatives, research, and investment opportunities. HTX aims to provide quality services to virtual asset enthusiasts globally while ensuring security and compliance.
As HTX embarks on this new journey in Pakistan, it is poised to contribute significantly to the local economy and the burgeoning digital asset market. The company’s focus on global expansion and a thriving ecosystem aligns perfectly with the needs of a dynamic and rapidly evolving market.
For more information about HTX and its offerings, visit HTX’s official website or follow the company’s updates on social media platforms.
