Pakistan News

Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn't even started yet.

The government of Pakistan is embracing cryptocurrencies following the regulatory pivot in the United States.

The Pakistan Crypto Council (PCC) was established in March to oversee the adoption of blockchain technology and digital assets.

Pakistan seeks to embrace cryptocurrencies as the world pivots toward digital assets following a policy overhaul in the United States.

Pakistan aims to regulate crypto to become a leader in blockchain finance and attract international investment, says Pakistan Crypto Council CEO.

The Finance Ministry of Pakistan is reportedly considering forming a National Crypto Council to explore the legalization of cryptocurrencies in the country.

The proposed amendments would allow for sweeping changes to the country’s financial sector. 

The U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”

The Information Technology University of Lahore developed the courses in partnership with the University of Denmark.

The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.

The policy framework showcases Pakistan’s willingness to integrate AI for public and national betterment. The country has set 15 targets with timelines ranging from 2023 to 2028.

Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces.

The blockchain-based national eKYC banking platform aims to strengthen Anti-Money Laundering capabilities while countering terror financing.

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”

The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.