Binance and Telenor Pakistan Sign MoU to Explore Digital

Binance and Telenor Pakistan Sign MoU

Islamabad, Pakistan – June 1st – Binance, the world’s largest crypto exchange by trade volume and registered number, and Telenor Pakistan have signed a Memorandum of Understanding (MoU) to explore opportunities for advancing blockchain innovation and education initiatives in Pakistan. The MoU signing ceremony was held at Telenor Pakistan Headquarters in Islamabad and was attended by representatives from both organizations, including Waqas Amanullah, Chief Consumer Business Officer, and Muhammad Shiraz Azhar, Director Channel Planning & Management from Telenor Pakistan, along with Hamza Usama Khan, Operations Lead – MENAT from Binance.

Through this collaboration, Binance and Telenor Pakistan will explore opportunities focused on innovation, awareness, education, and learning initiatives aimed at supporting Pakistan’s evolving digital ecosystem. The collaboration reflects a shared commitment to promoting awareness of emerging technologies and supporting knowledge-sharing initiatives in Pakistan, including blockchain and technology-focused workshops and online learning opportunities supported by Binance Academy.

Commenting on the partnership, Tarik Erk MENAT Lead and Senior Executive Officer Abu Dhabi: “Pakistan represents an incredibly important market with strong digital adoption and a rapidly growing interest in blockchain technology. Through this collaboration with Telenor Pakistan, we aim to explore innovative ways to increase accessibility, enhance education, and create meaningful opportunities for users to engage with the digital asset ecosystem.”

Waqas Amanullah, Chief Consumer Business Officer, Telenor Pakistan, said: “At Telenor Pakistan, we remain committed to supporting a more inclusive and future-ready digital ecosystem through innovation and strategic collaborations. This engagement reflects our shared focus on awareness, learning, and responsible exploration of emerging technologies that can contribute to Pakistan’s evolving digital landscape.”

The MoU reflects a shared commitment by Binance and Telenor Pakistan to support awareness, skill development, and learning opportunities relating to emerging blockchain technologies in Pakistan.

Binance continues to collaborate with regulators and stakeholders in Pakistan to advance responsible innovation, strengthen market integrity, and enhance consumer protection. As part of this commitment, Binance has obtained AML registration under PVARA’s framework, marking an important step toward full licensing and local incorporation in the country. In addition, PVARA has issued a No Objection Certificate (NOC) to Binance, reflecting Pakistan’s broader efforts to establish a structured and compliant regulatory framework for virtual asset service providers.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 260 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, investor protections, and unmatched portfolio of digital asset products and offerings.

About Telenor Pakistan

Telenor Pakistan is a wholly owned subsidiary of PTCL with a nationwide footprint. The company launched operations in Pakistan in 2005 and currently serves over 42 million subscribers nationwide. For more information, please visit www.telenor.com.pk.

Disclaimer:

The collaboration outlined under this MoU is exploratory in nature and focused on awareness, education, knowledge-sharing, and innovation-related discussions only. It does not involve any commercial, operational, financial, payment-related, or customer-facing virtual asset services at this stage. Any future initiatives, if considered, will remain subject to applicable laws, regulatory requirements, internal approvals, and relevant permissions from competent authorities.