Huobi HTX officially received the no-objection certificate from PVARA and initiated the process for applying for a compliant exchange license

The international leading digital asset exchange Huobi HTX, with over 50 million registered users worldwide, announced today that it has officially obtained a No Objection Certificate (NoC) issued by the Pakistan Virtual Asset Regulation Authority (PVARA) and has initiated the compliance exchange license application process in accordance with the framework of the Virtual Assets Ordinance, 2025.

The acquisition of the NoC is a milestone, making Huobi HTX one of the first two global digital asset platforms to meet the requirements for applying for a virtual asset license in Pakistan, while also marking significant progress for Pakistan in moving towards a regulated and innovative digital asset ecosystem. Following the receipt of the NoC, Huobi HTX will continue to advance the relevant compliance and formal application processes in accordance with the provisions of the Virtual Assets Ordinance, 2025, and will closely communicate and cooperate with PVARA throughout the entire process to complete the final comprehensive authorization.

By obtaining this NoC issued by PVARA, Huobi HTX will also complete the relevant registration for anti-money laundering (AML) services with the Financial Monitoring Unit (FMU), covering services including virtual asset exchanges, brokerage trading, custody, and derivatives services, while preparing for the subsequent acquisition of a complete Virtual Asset Service Provider (VASP) license.

Huobi HTX Global Advisor Sun Yuchen stated:

"Pakistan is one of the fastest-growing cryptocurrency markets in the world, with millions of young, tech-savvy users actively participating in the global digital economy. We are honored to have received the No Objection Certificate from PVARA and will continue to work closely with regulators to set the highest industry standards for compliance, transparency, and user protection. This approval is not only a recognition of Huobi HTX but also a vote of confidence in Pakistan's vision for the development of cryptocurrency assets."

About Huobi HTX

Founded in 2013, Huobi HTX has evolved over 12 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other services.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.