ISLAMABAD, Dec. 12, 2025 /PRNewswire/ -- Binance today announced a regulatory licensing development in Pakistan, building on a history of positive and strategic discussions between Binance's senior leadership and Pakistani government officials. These ongoing engagements, led by Binance Co-CEO, Richard Teng, highlight our continued commitment to supporting the establishment of a regulated and secure digital asset ecosystem in the country.
Throughout Binance's ongoing engagements, its leadership has collaborated closely with key policymakers in Pakistan, focusing on the regulatory process, industry transparency, and the advancement of the digital assets sector. These discussions have reaffirmed Pakistan's commitment to developing a clear and forward-looking regulatory framework for virtual assets.
Binance has obtained an AML registration under PVARA's framework, marking a crucial step toward full licensing and local incorporation in Pakistan. This phased approach will enable Binance to register with FMU for AML-registered services, which include Exchange, Broker-Dealer, Custody and Derivatives Services, while preparing for full Virtual Asset Service Provider (VASP) licensing, in alignment with Pakistan's regulatory roadmap.
Richard Teng, Co-CEO of Binance, said: "We are proud to continue our collaboration with PVARA to build a robust, transparent, and inclusive virtual asset ecosystem. Together, we share a commitment to unlocking the potential of blockchain technology for millions of Pakistanis and beyond."
"Our ongoing partnership with Binance continues to strengthen as we work together to build a transparent and innovative future for digital assets in Pakistan. The recent meeting highlighted the positive regulatory progress Binance is making through the AML registration and licensing process, marking an important step forward in advancing this shared vision," said Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA).
Binance remains committed to supporting digital economies across South Asia and looks forward to continuing its collaboration with regulators and stakeholders in the region to build a robust, transparent, and inclusive virtual asset ecosystem.
About Binance
Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 300 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.
Contact: pr@binance.com
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Binance and Pakistan Collaborate to Foster Digital Asset Growth and Regulatory Development
HONG KONG, March 3, 2026 /PRNewswire/ -- Compass Offices, a leading provider of flexible offices in Asia Pacific, and RedBox Storage, Hong Kong's premier self storage specialist, today announced a strategic alliance designed to streamline business operations and maximize office efficiency across Hong Kong.
This collaboration integrates Compass Offices' flexible serviced workspaces with RedBox's premium business storage solutions, offering tenants a seamless extension of their office environment.
Solving the Space Constraint for Growing Businesses
As businesses in Hong Kong adopt more agile working models, the demand for efficient inventory, document and records management, and business storage has surged. This partnership addresses a critical pain point: optimizing valuable workspace while maintaining easy access to physical assets.
Through this alliance, Compass Offices' customers will gain exclusive access to RedBox's storage ecosystem, effectively expanding their office footprint. Key services include:
- Door-to-Door Valet Service: Designed for documents, archives, and seasonal materials, this service eliminates the logistical hassle of moving items off-site. RedBox Storage manages the entire process — delivering boxes to Compass Offices' reception areas, transferring packed items to a secure facility, and returning them to the center upon request.
- Self Storage Space: For larger or ongoing requirements, customers have access to RedBox's self storage facility as an extension of their operational footprint. Piloting at RedBox's premier Sai Wan location – located minutes from CBD, the facility offers 7-day on-site support and 24/7 CCTV surveillance. These climate-controlled units allow customers to free up premium office workspace from back-of-house storage while keeping both within easy reach.
Commenting on the new alliance, Andrew Chung, Chairman of Compass Offices, said: "At Compass Offices, we are committed to providing more than just a workspace; we provide comprehensive business solutions. Forging this alliance with RedBox allows us to offer a holistic workspace package that includes flexible storage, adding significant value to our client network."
Benny Chung, CEO of RedBox Storage, welcomed the partnership, adding: "We are thrilled to be facilitating the customer experience enhancement for Compass Offices customers. Our goal is to make storage a seamless part of business operations. By partnering with Compass Offices, we enable business customers and SMEs to focus on growth while their storage needs are being taken care by our award-winning teams"
About Compass Offices
Compass Offices provides businesses with professional, efficient, and flexible workspaces tailored to support growth at every stage. Our serviced offices offer ready‑to‑use workspace solutions with flexible lease terms, making it easy for startups, SMEs, and multinational teams to scale as their needs evolve.
With prime locations across major business districts in Asia Pacific, Compass Offices provides a comfortable, convenient, and productivity‑driven environment designed to help companies stay agile and succeed in a fast‑changing business landscape.
About RedBox Storage
Acquired by global investment firm Brookfield Asset Management in 2022, RedBox Storage has established itself as a premier storage specialist, offering innovative and flexible solutions for individuals and businesses. With a focus on innovation, unmatched quality, and customer-centric service, RedBox Storage helps you make room for what matters most.
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Compass Offices and RedBox Storage Forge Strategic Alliance to Redefine Workspace and Storage Flexibility
Compass Offices and RedBox Storage Forge Strategic Alliance to Redefine Workspace and Storage Flexibility
