HTX Advances Regulatory Compliance in Pakistan to Establish Long-Term Presence
HTX is making progress toward establishing a regulated presence in Pakistan by engaging with local users through community AMAs and regulatory compliance under the PVARA framework. The exchange has received a No-Objection Certificate (NOC) from the Pakistan Virtual Assets Regulatory Authority, allowing it to proceed with anti-money laundering registration and preparations for a VASP license application. HTX's strategy includes three key areas: regulatory compliance, local communication, and user service. It is working on incorporating its local entity in Pakistan while maintaining dialogue with regulators and professional advisors. The recent community sessions focused on addressing user concerns about asset security, platform operations, and HTX’s current regulatory status rather than making product announcements. HTX has a 13-year track record of continuous operation since 2013, which it attributes to risk management discipline and transparency practices such as monthly proof-of-reserves reports. These efforts aim to build trust with Pakistani users in one of South Asia's fastest-growing digital asset markets.
