Crypto billionaire Justin Sun made headlines this week during his high‑profile visit to Pakistan, calling the trip “a complete success” as the crypto exchange he supports received a no‑objection certificate (NOC) to operate locally. The founder of the TRON blockchain network turned heads not just for business talks but also for a viral moment when he was filmed riding a traditional Pakistani rickshaw in Islamabad.
Sun’s visit came at the invitation of the Pakistan Crypto Council (PCC), a government‑backed regulatory initiative established earlier in 2025 to develop policy and promote digital assets in the country. As part of the trip, he met key officials at the Ministry of Finance and engaged in discussions centered on blockchain adoption, regulation, and future investment opportunities.
In a video shared on social media, the crypto billionaire was seen exploring Pakistan’s iconic three‑wheeled rickshaw, joking that he only managed to “master the brakes” during his brief ride. He praised the drivers, calling rickshaws “like the city’s capillaries, connecting people to daily life.” This down‑to‑earth moment underscored his engagement with local culture and endeared him to many social media users.
A key outcome of the visit was the no‑objection certificate granted to HTX, a cryptocurrency exchange backed by Sun, by the Pakistan Virtual Assets Regulatory Authority (PVARA). This NOC allows HTX to register locally, comply with AML standards, and move toward full licensing, a major step in Pakistan’s evolving crypto landscape.
Pakistan’s interest in digital assets has been growing, with regulators exploring frameworks to integrate crypto while managing risks. Analysts warn of global market volatility and potential downturns in crypto and forex markets, as discussed in a recent analysis on broader financial trends.
Sun’s successful Pakistan visit not only highlights his influence in global blockchain circles but also signals Pakistan’s accelerating embrace of crypto innovation and regulation.
