Pakistan plans to become a blockchain finance leader by regulating cryptocurrencies

03/20 07:17

Wechat scan to share

On March 20th, Bilal Bin Saqib, CEO of the Pakistan Cryptocurrency Committee, stated that Pakistan plans to regulate cryptocurrency to become a leader in blockchain finance and attract international investment. Pakistan is planning to establish a legal framework for cryptocurrency to attract international investors to this Central Asian country. "Pakistan is no longer standing idly by; we want regulatory clarity; we need a legal framework that supports business." Earlier this month, Saqib was appointed as the chief advisor on cryptocurrency management for the Pakistan Ministry of Finance. Blockchain analysis company Chainalysis ranked Pakistan as the ninth in cryptocurrency adoption rate last year, and Saqib claims that Pakistan has up to 20 million cryptocurrency users.

Comments

All Comments

Recommended for you

Paul Brody · 03/28 05:07

Bear markets are temporary — airdrops are forever

Despite bear markets, airdrops have quietly distributed $49 billion to Web3 communities over four years, creating lasting value through community-driven ecosystems.
BRAYDEN LINDREA · 03/28 05:04

Crypto.com probe by the SEC has officially closed, says CEO

The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
Stephen Wolfram · 03/28 05:00

Darkweb actors claim to have over 100K of Gemini, Binance user info

Binance told Cointelegraph the data is not the result of a leak from the exchange but instead is a result of the hacker collecting data using malware on infected computers.
Krisztian Sandor · 03/28 03:35

Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.
Shaurya Malwa · 03/28 03:32

Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI’s 4o Release

The internet is full of people converting images to AI-generated pictures in the characteristic style of some animated movies by Japan’s Studio Ghibli. Memecoin traders are looking to cash in on the trend.
cointelegraph · 03/28 00:11

SEC has officially closed its investigation into Crypto.com, CEO says

The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
Cheyenne Ligon · 03/27 13:07

Trump SEC Pick Paul Atkins’ Crypto Ties Draw Sen. Warren’s Ire Ahead of Confirmation Hearing

In a recent financial disclosure, Atkins admitted to owning up to $6 million in crypto-related assets.
Danny Nelson · 03/27 06:47

GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%

The gaming retailer will spend some of its $4.8 billion cash holdings to buy bitcoin and stablecoins, sparking discussions around how much it will actually buy.
VINCERO · 03/27 05:40

President Trump to Sign Repeal of Controversial DeFi Broker Rule

Critics called the rule "unworkable," noting DeFi platforms run on automated code without human oversight or user identification.
Cheyenne Ligon · 03/27 04:28

Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill

Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.