Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), emphasized the potential of emerging digital economies to unlock new financial pathways through blockchain and inclusive regulatory frameworks. He made this statement during Binance Blockchain Week.
"Smaller nations can leapfrog, operate at startup speed, and it's easier to align stakeholders and move with agility," said Bin Saqib. "This technology offers many opportunities, like banking the unbanked."
The event, hosted by Binance, featured policymakers discussing the impact of regulation, innovation, and national strategy on the evolution of digital economies. According to Binance, the event underscored opportunities for financial inclusion and technological adoption in emerging markets, aligning with Saqib's focus on blockchain utility.
Binance further highlighted that blockchain infrastructure can provide faster and lower-cost financial access for underserved populations. This capability for transparent and permissionless transactions creates avenues for expanding digital inclusion, resonating with Saqib’s emphasis on technology-driven opportunities for the unbanked.
According to Reuters, Binance has enhanced its global Anti-Money Laundering (AML) and Know Your Customer (KYC) controls to meet evolving regulatory standards. The exchange has expanded compliance monitoring across multiple jurisdictions to address financial-crime risks. These measures reflect broader industry efforts toward responsible innovation and regulatory alignment.
Bilal Bin Saqib is a Pakistani entrepreneur and public-sector advisor who leads PVARA. His background includes work in technology, policy development, and social-impact initiatives. This experience informs his perspective on how digital assets can support broader economic participation.
