Tron (TRX) founder Justin Sun is calling his recent Pakistan visit a "complete success," and he's got the receipts to back it up. The cryptocurrency billionaire announced Tuesday that HTX, a crypto exchange he backs, just scored a no-objection certificate from Pakistan's Virtual Assets Regulatory Authority. That's essentially a green light for HTX to set up shop locally and work toward full licensing.

High-Level Meetings and Regulatory Progress

Sun documented his trip in a vlog posted to X, showing off his visit to Pakistan's Ministry of Finance and sitdowns with government heavyweights. Among them was Pakistan's finance minister, Muhammad Aurangzeb, who joined Sun for discussions about cryptocurrency's role in the country's economic future.

The HTX approval represents more than just another exchange getting permission to operate. It signals Pakistan's serious intent to position itself as a player in the digital asset space, moving beyond rhetoric into actual regulatory frameworks.

Pakistan Goes All-In on Crypto

Sun's trip arrives at a moment when Pakistan is genuinely leaning into blockchain adoption. Earlier this year, the country recruited Binance (BNB) co-founder Changpeng Zhao as strategic advisor to the Pakistan Crypto Council, a government-backed body charged with promoting blockchain technology and digital assets nationwide.

The ambitions don't stop there. Bilal Bin Saqib, the government's special assistant on blockchain and cryptocurrency, announced at the Bitcoin 2025 conference that Pakistan plans to establish a Strategic Bitcoin Reserve. The move takes inspiration from President Donald Trump's similar decision in the United States.

As for Tron's native token? TRX was trading at $0.2790 at press time, up 0.17% over the previous 24 hours, according to market data.