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The co-founder of Binance, Changpeng Zhao, popularly known as CZ, has been appointed as a strategic advisor for the newly formed Pakistan Crypto Council. His role will require him to support the country in building stable rules that guide crypto, improve digital systems, and help more people understand and effectively use blockchain. Local reports also […]
Pakistan has selected Changpeng Zhao as its new cryptocurrency consultant, as announced on cointelegraph.com. Zhao, known for being the CEO of Binance, one of the most prominent cryptocurrency exchanges globally, will now advise Pakistan on matters related to digital assets. This move is significant for Pakistan as it shows a willingness to embrace the potential [...]
The post Pakistan Taps Changpeng Zhao as Crypto Advisor Amid Rising Adoption Trends appeared first on Crypto Breaking News.
Pakistan has put forth a new proposal for a crypto regulatory framework that focuses on compliance, according to a recent report. The proposal aims to address the growing concerns surrounding the cryptocurrency market in the country. This regulatory framework emphasizes the importance of adhering to regulations to ensure a safe and secure environment for investors [...]
The post Breaking News: Pakistan Introduces Compliance-Focused Crypto Regulation in New Proposal appeared first on Crypto Breaking News.
From CZs new role in Pakistans Crypto Council to the merging of two Immutables blockchain, heres a roundup of the top crypto stories you may have missed.
Pakistan will use the surplus power, available at marginal costs, to build crypto data centers.
Pakistan’s Crypto Council is suggesting a novel solution to address the issue of excess energy in the country by proposing the use of Bitcoin (BTC) mining. In a groundbreaking move, the council aims to capitalize on Pakistan’s abundant natural resources to power the cryptocurrency mining operations. By harnessing excess energy from various sources such as [...]
The post Pakistan Crypto Council suggests utilizing surplus energy for Bitcoin mining – a sustainable approach to crypto production appeared first on Crypto Breaking News.
In order to be eligible for $3 billion in bailout money, the International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) of Pakistan impose a Capital Gains Tax (CGT) on investments in cryptocurrencies. The IMF suggested that Pakistan’s FBR tax cryptocurrency capital gains during the review
The Pakistan Banks’ Association has signed a contract to develop Pakistan’s first blockchain-based national eKYC banking platform aimed at strengthening anti-money laundering capabilities while countering terror financing. The blockchain platform will also improve operational efficiencies, mainly focused on improving customer experience during onboarding. (Read More)
The Pakistan Banks’ Association (PBA) and Avanza Group have inked a contract for the creation of a blockchain-based KYC platform.
To expand the knowledge base of 1 million youths on blockchain-based technologies, crypto and web3, the Pakistan administration has partnered with Fasset and JazzCash through the Prime Minister’s Youth Program (PMYP). (Read More)
Digital asset-based fintech startup Fasset Technologies has launched a peer-to-peer trading platform in Pakistan to drive financial inclusion in Pakistan. (Read More)
Pakistan is facing a similar fate as Sri Lanka and the Taiwan situation is heating up. Geopolitics can give us a glimpse into bitcoin’s role in macroeconomics.
Pakistan has created three committees to decide on crypto legality. The committees will review all areas of cryptocurrency and make ...
A former reality TV host with millions of followers on YouTube became one of Pakistan's biggest crypto proponents, and hopes to help his country shine again.
Reza Baqir, Governor of the State Bank of Pakistan (SBP), has reiterated his stance on bitcoin, arguing that it lacks a use case that may assist the banking regulator in achieving goals like financial inclusion and innovation. During a panel discussion at the 13th Karachi Literature Festival on Sunday, Mr. Baqir agreed that the underlying […]
The Governor of State Bank of Pakistan stated an interesting opinion on cryptocurrencies. The statement implied a negative point of ...
Pakistan-based Bank Alfalah urged its customers to stop using cryptocurrency. The action came soon after the country’s central bank submitted ...
Modi said it is impossible for just one government to make judgments. Indian PM spoke at Switzerland’s World Economic Forum
The post has appeared first on thenewscrypto.com
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here.
The State Bank of Pakistan is contemplating a complete ban on crypto assets. The institution notes that cryptocurrencies present certain risks, and is even referred [...]
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