Huobi HTX Officially Approved for Exchange Platform License Registration

Article Source: HTX

The international leading digital asset exchange platform 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). This marks the beginning of the compliance exchange platform licensing application process under the framework of the Virtual Assets Ordinance, 2025.

Obtaining the NoC is a milestone, making Huobi HTX one of the first two global digital asset platforms to apply for a Pakistan virtual asset license, and it also signifies Pakistan's significant progress towards a standardized and innovative digital asset ecosystem. Following the issuance of the NoC, Huobi HTX will continue to advance the relevant compliance and formal licensing process in accordance with the Virtual Assets Ordinance, 2025, closely communicating and cooperating with PVARA to complete the final comprehensive authorization.

Through obtaining this NoC issued by PVARA, Huobi HTX will also proceed to register with the Financial Monitoring Unit (FMU) for Anti-Money Laundering (AML) services, covering services such as virtual asset exchange platforms, brokerage trading, custody, and derivative services, while preparing for subsequent full Virtual Asset Service Provider (VASP) licensing.

Justin Sun, Global Advisor to Huobi HTX, stated:

"Pakistan is one of the fastest-growing cryptocurrency markets globally, with millions of young, tech-savvy users actively participating in the global digital economy. We are honored to have obtained the No Objection Certificate from PVARA and will continue to work closely with regulatory agencies to establish 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 cryptocurrency development."

About Huobi HTX

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

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

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