Retail giant Walmart is quietly making a foray into the metaverse, following the footsteps of other multinational companies that have now ventured into virtual goods and non-fungible tokens (NFTs).
The President of the Islamic Republic of Pakistan, Dr. Arif Alvi, has spoken positively about the benefits of blockchain technology following a meeting with a BSV blockchain delegation in Islamabad.
The State Bank of Pakistan is concerned about the use of digital currencies in crime, with a recent Binance-linked $100 million scam being cited as an example.
Over 30,000 investors were reportedly tricked into opening Binance accounts and transferring their digital assets to scammers, and the exchange is being investigated for its role.
The High Court of Sindh has ordered the gov’t to formulate regulations for the digital currency industry in response to a petition challenging an earlier ban.
The governor of the State Bank of Pakistan believes that a state-back digital rupee can bring two-fold benefits to the country.
Khyber Pakhtunkhwa recently set up a committee to look into digital currencies and in one of its first actions, it has moved to set up two block reward mining farms.
Known as Raast, the system is especially aimed at availing digital payments to women who have been financially marginalized for decades.
The Sindh High Court in Pakistan has heard a petition filed in opposition to a nationwide ban on cryptocurrencies, giving fresh insight into the legal position for digital assets in the country.
There is currently a pending resolution in Pakistan that paves the way for digital currency legalization and the creation of digital currency law.
The Securities and Exchange Commission is looking comparatively at the approach of regulators in other countries, as well as setting out the needs of Pakistan’s growing digital finance market.
The State Bank has not outlawed digital currency in Pakistan despite claims to the contrary, according to a lawyer for the country’s central bank.
