Pakistan News

Central Asia following the sweeping global crypto and blockchain trend, with concrete adoption and utilization cases across the region.

The Pakistani prime minister has conducted a meeting dedicated to digitization of government operations.

Pakistan’s government is working to bring the nation into the crypto sector.

This week, PayPal ventured into blockchain for the first time, and Coinbase turns to cross-border payments.

The State Bank of Pakistan, the nation’s central bank, aims to issue a digital currency by 2025.

Pakistan plans to implement a licensing system for electronic money institutions as a way to regulate digital currencies.

The government of Belgium has made a financial contribution to a project which uses Blockchain technology to distribute funds to refugees in Jordan.

Tax authorities across the globe have set their sights on Bitcoin traders as they reap windfall profits from the recent Bitcoin surge. Federal Board of Revenue in Pakistan has joined the game.

The UN will be helping refugees in Jordan get access to food rations using the Ethereum Blockchain and biometric technology involving scanning the human iris.

In the week the country’s Senate advised the scrapping of its highest value banknote, Pakistan’s Bitcoin trading volume has shot up almost 400%.

Not much is happening for Bitcoin in Pakistan and Saudi Arabia but there are signs it could soon start doing better.

The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups.

Pakistani Bitcoin exchange Urbudit launched on October 11, with the ultimate goal of bringing the digital currency to the locals. At around the same time, the Philippines got its first enterprise-grade order book Bitcoin exchange through Coinage.