Pakistan’s Ministry of Finance has approved the establishment of the Pakistan Digital Assets Authority (PDAA) to regulate the burgeoning cryptocurrency market, aiming to protect consumers, attract investment, and foster innovation.
Tag: Adoption
GENIUS Act: US Senate Poised to Legitimizes Stablecoins for Institutional Adoption
The GENIUS Act, designed to regulate stablecoins in the US, has passed the Senate and is now heading to a debate. It sets clear rules for collateralization and AML compliance, potentially leading to wider institutional adoption of stablecoins. Here’s a breakdown of the bill, its implications, and potential impacts on the crypto market.
Theta Capital Raises $175M Fund for Early-Stage Blockchain Startups Amid Crypto VC Rebound
Theta Capital’s new $175M fund, Theta Blockchain Ventures IV, will invest in specialized crypto VC firms, capitalizing on the resurgence in digital asset venture funding and the increasing focus on blockchain innovation.
Bitcoin Suisse Expands to UAE with Abu Dhabi Regulatory Approval: A Comprehensive Analysis
Bitcoin Suisse receives in-principle approval in Abu Dhabi, signaling a major step in its expansion beyond the EU and highlighting the Middle East’s growing importance as a crypto hub. Learn about their plans and the broader trend of crypto firms moving to the region.
Yield-Bearing Stablecoins Surge to $11 Billion: A Deep Dive into Market Trends and Pendle’s Dominance
Discover the rise of yield-bearing stablecoins to $11 billion, representing 4.5% of the market. Explore Pendle’s leading role, regulatory impacts, and future growth projections in this comprehensive analysis.