Pakistan launches new laws to expedite CBDC launch by 2025
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…
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Pakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and…
A Newly Published Book Claims to Tell the ‘Real Story Behind Mysterious Bitcoin Creator’
During the last 13 years, a great number of individuals have claimed to be the inventor of Bitcoin, but no single person has been able to prove this to the…
Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned
The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business…
Crypto Stories: Pakistani crypto billionaire wants his country to be less reliant on credit
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.
Pakistan’s Central Bank Sees Few Good Use Cases for Crypto Citing ‘a Lot of Misuses’ Worldwide
The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights…
Islamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’
An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed…
Pakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’
The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies “far outweigh the benefits.” The governor, however, suggested that if solutions…
Pakistan’s central bank reportedly wants to ban crypto
Pakistan’s finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.
Pakistan to investigate Binance for multi-million dollar crypto scam
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party…