Search
Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender
5.11.2024
The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital currency in both digital and physical forms....
Pakistan moves to regulate cryptocurrency, CBDCs as legal tender
4.11.2024
The proposed amendments would allow for sweeping changes to the country’s financial sector.
Pakistan to Legalize Crypto with Major Amendment, CBDC Soon?
4.11.2024
In a major policy shift, Pakistan’s government has introduced amendments to the State Bank of Pakistan (SBP) Act.…
Pakistan’s Finance Minister Reaffirms Government’s Interest in Digital Currency
29.4.2024
Pakistan's plans for a central bank digital currency gained fresh momentum on Sunday, with finance minister Muhammad Aurangzeb raising the debate again.
The post Pakistan’s Finance Minister Reaffirms Government’s Interest in Digital Currency appeared first on Cryptonews
IMF pressurizes Pakistan to levy taxes on crypto investments
19.3.2024
With the aim of normalizing Pakistan’s troubled economy and receiving financial support of $3 billion from the International Monetary Fund, they are pressurizing the country to levy appropriate taxation on crypto investments and real estate deals. During interactions between the IMF and...
Pakistan Faces IMF Pressure to Tax Crypto and Real Estate
18.3.2024
The International Monetary Fund (IMF) has stipulated that Pakistan's Federal Board of Revenue (FBR) must levy a capital gains tax (CGT) on cryptocurrency investments
The post Pakistan Faces IMF Pressure to Tax Crypto and Real Estate appeared first on Cryptonews
Despite financial assistance, Pakistan faces declining forex reserves amidst external debt repayments
29.11.2023
During the initial months of 2023, Pakistan seemed to be heading towards a catastrophic point, with the IMF loan program in 2019 going off track after the fund realized the commitment of Islamabad to reform was lacking, which led to the suspension of loan disbursements. Pakistan has imposed strict...
PUBG Players Say They Fell Madly In Love Only To End Up In Jail
7.7.2023
Two PlayerUnknown’s Battlegrounds (PUBG) players could face several years in prison for illegally crossing some South Asian borders to live together, according to a recent New York Times report.Read more
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request
20.6.2023
In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a formal invitation to join the BRICS bloc. Speaking...
9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran
25.5.2023
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka...
Today in Crypto: Crypto Hacks Drop 70% in Q1 2023, Binance CSO Said Reuters' 'Weak' Article is Filled with Conspiracy Theories, Solana Integrates AI with a ChatGPT Plugin
24.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto Hacks Drop 70% in Q1 2023, Binance CSO Said Reuters' 'Weak' Article is Filled with Conspiracy...
FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'
24.5.2023
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to conditions set by the watchdog
Pakistan aims to produce 1 million AI-trained IT graduates by 2027
24.5.2023
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 Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
18.5.2023
Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”
Pakistan Finance Minister Says Country Will Never Legalize Crypto, Cites FATF Regulations
18.5.2023
Pakistan Finance Minister has said the country will not legalize crypto trading, citing regulations by the Financial Action Task Force (FATF).
On Wednesday, Pakistan Minister of State for Finance Aisha Ghaus said the government cannot permit crypto trading because of the country's recent exit from...
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...
Pakistani finance minister says crypto will never be legal because of FATF
17.5.2023
Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces
Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization
8.4.2023
Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly...
Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks' Association to Develop a Blockchain-based KYC Platform
6.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks'...
Pakistan banks agree on blockchain-based KYC system development
6.3.2023
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing