Binance, Telenor Sign MoU to Promote Digital Asset Innovation, Blockchain Education in Pakistan

ISLAMABAD: Binance, the world’s largest crypto exchange, and Telenor Pakistan have signed a Memorandum of Understanding (MoU) to explore opportunities to promote blockchain innovation and educational initiatives in Pakistan.

The signing ceremony of the MoU was held at Telenor Pakistan’s Islamabad headquarters, in which representatives from both organizations participated.

The event was attended by Chief Consumer Business Officer Waqas Amanullah and Director Channel Planning and Management Muhammad Shiraz Azhar from Telenor Pakistan, while Hamza Osama Khan (Operations Lead MENAT) from Binance.

Under this partnership, Binance and Telenor Pakistan will explore various innovations, awareness, education, and learning opportunities to support Pakistan’s emerging digital ecosystem.

The collaboration reflects a shared commitment to increasing awareness of new technologies and promoting knowledge exchange, including blockchain and technology-based workshops and online educational opportunities in collaboration with Binance Academy.

Commenting on the partnership, Tariq Eric, MENAT Lead and Senior Executive Officer, Abu Dhabi, Binance, said, “Pakistan is a very important market where the use of digital technology is rapidly growing, and interest in blockchain technology continues to grow.

Through this collaboration with Telenor Pakistan, we aim to explore innovative ways to facilitate access, promote education, and provide opportunities for users to engage with the digital asset ecosystem in a meaningful way.

“We are committed to supporting a more inclusive and future-proof digital ecosystem through innovation and strategic partnerships,” said Waqas Amanullah, Chief Consumer Business Officer, Telenor Pakistan.

“This collaboration reflects our shared vision for awareness, education, and responsible use of emerging technologies, which can play a positive role in Pakistan’s evolving digital landscape.”

This MoU represents the shared commitment of Binance and Telenor Pakistan to promote awareness, skills development, and educational opportunities related to emerging blockchain technologies in Pakistan.

Binance continues to collaborate with regulators and other relevant stakeholders to promote responsible innovation, strengthen market transparency, and improve consumer protection in Pakistan.

In line with this commitment, Binance has obtained AML registration under the PVARA framework, a significant step towards full licensing and institutional inclusion at the local level.

In addition, PVARA has also issued a “No Objection Certificate” (NOC) to Binance, reflecting broader efforts to establish a structured and regulatory framework for virtual asset service providers in Pakistan.

About Binance

Binance is one of the world’s largest blockchain ecosystems and the operator of the world’s largest cryptocurrency exchange in terms of trading volume and number of registered users.

Binance is trusted by over 260 million users in over 100 countries, thanks to its high level of security, transparency, fast trading engine, investor protection, and wide range of digital asset products.

About Telenor Pakistan

Telenor Pakistan is a wholly owned subsidiary of PTCL with a network spanning across Pakistan. The company launched its services in Pakistan in 2005 and currently serves over 42 million users across the country.

The cooperation described under this MoU is only preliminary in nature and is limited to awareness, education, knowledge exchange, and innovation discussions.

At this stage, it does not include any commercial, operational, financial, payment-related or direct-to-consumer virtual asset services.

Any new activity or project contemplated in the future, if any, will be subject to relevant laws, regulatory requirements, internal approvals and necessary permissions from competent authorities.