Exchanges, Regulation and the Path Forward

Another pillar is the crypto exchange, platforms that let users buy, sell, and trade digital assets. Local platforms must navigate the evolving regulation, the legal framework set by the State Bank of Pakistan and the Securities Commission that governs AML, KYC, and licensing. Recent statements from the central bank have hinted at tighter reporting requirements, meaning exchanges need robust identity checks and transaction monitoring. For traders, this translates into clearer protection against fraud but also higher onboarding friction. We’ve reviewed exchanges like Kine Protocol, SwitchBIT and Antares, highlighting how they manage fees, security, and token listings under the current rules. Understanding the regulatory backdrop helps you pick platforms that are likely to stay compliant, reducing the risk of sudden shutdowns or frozen assets. Looking ahead, the market is expected to mature as more local banks explore crypto‑friendly services and as the government drafts clearer guidelines for tokenized assets. Keeping an eye on policy updates, exchange announcements, and token performance will give you a strategic edge in a space that’s still defining its long‑term shape.