Crypto exchanges could attract FDI, reverse capital flight: experts

Financial experts are optimistic about the future role of crypto exchanges in Pakistan as catalysts for attracting investment, reversing the flight of capital and contributing to the economy through tax revenues. The experts believe that the interest shown by major virtual currency trading platforms in Pakistan is a positive sign for restoring the confidence of foreign investors and attracting foreign direct investment, especially at a time when multinational companies are reducing or shutting down their operations in the country. Recently, Pakistan Virtual Assets Regulatory Authority (PVARA) issued No-Objection Certificates (NOCs) to Binance and HTX, allowing both global crypto platforms to begin formal registration and engagement activities in Pakistan.