Binance, JazzCash sign MoU for growth of virtual assets

Binance, the world’s leading global blockchain ecosystem and cryptocurrency exchange by trading volume and users, and JazzCash, Pakistan’s leading digital financial services platform and part of the VEON Group, have signed a Memorandum of Understanding (MoU) to explore potential collaboration aimed at supporting the responsible growth of virtual assets in the region. As Pakistan’s virtual asset regulatory framework continues to evolve with the establishment of Pakistan Virtual Asset Regulatory Authority (PVARA) to oversee digital asset activities, momentum is building to foster innovation while ensuring compliance. This MoU establishes a preliminary framework for discussions between the two organisations. Together, Binance and JazzCash intend to explore potential areas of collaboration related to education, awareness, and the possible development of virtual asset solutions that align with regulatory requirements and market needs.