Telenor Eyes to Sell Easypaisa, Wanting Full Pakistan Exit
June 7, 2026
Binance and Telenor Pakistan sign an MoU to drive blockchain education, digital innovation, and wearables awareness across Pakistan’s growing digital ecosystem.
Read more: Pakistan Signs Binance Deal to Tokenise Assets
Two of the most recognisable names in Pakistan’s digital landscape have officially come together, and the implications for the country’s tech future could be far-reaching.
Binance, the world’s largest cryptocurrency exchange by trade volume, and Telenor Pakistan have signed a Memorandum of Understanding (MoU), formalising a collaboration centred on blockchain education, digital innovation, and awareness-building across Pakistan.
The MoU signing ceremony took place at Telenor Pakistan’s headquarters in Islamabad. Representing Telenor Pakistan were Waqas Amanullah, Chief Consumer Business Officer, and Muhammad Shiraz Azhar, Director of Channel Planning and Management. Hamza Usama Khan, Operations Lead for the MENAT region at Binance, attended on behalf of the exchange.
Under this partnership, both organisations will explore initiatives spanning blockchain and technology-focused workshops, and online learning opportunities through Binance Academy, the exchange’s open-access education platform.
The collaboration is specifically designed to support Pakistan’s evolving digital ecosystem by equipping citizens and professionals alike with the knowledge needed to navigate an increasingly blockchain-driven world.
Tarik Erk, Binance’s MENAT Lead and Senior Executive Officer based in Abu Dhabi, said: “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 added: “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 timing of this MoU is not incidental. Binance has been on an accelerated regulatory and partnership drive across Pakistan in recent months. The exchange has already secured AML registration under PVARA’s framework, the Pakistan Virtual Assets Regulatory Authority, placing it on a phased compliance pathway toward full Virtual Asset Service Provider (VASP) licensing.
Binance CEO Richard Teng described the AML milestone as a “meaningful milestone” for the exchange’s presence in Pakistan, stating the company looks forward to building a “safe, transparent and future-ready digital-asset ecosystem” with local stakeholders.
Furthermore, PVARA has issued a No Objection Certificate to Binance, permitting it to register on the FMU goAML system, engage with SECP for local subsidiary incorporation, and prepare its full VASP licence application. This regulatory scaffolding gives the Telenor partnership a credible institutional backbone. Coin Edition
This latest MoU with Telenor Pakistan signals that Binance’s ambitions in the country extend well beyond trading, reaching into education, telecoms infrastructure, and grassroots digital literacy. With an estimated 30 to 40 million Pakistanis already active in digital assets, the race to educate and formalise that base has only just begun.
