A quick rundown of today’s top crypto news: IMF raises concerns about Pakistan’s Bitcoin mining plans, BlackRock’s IBIT ETF sees its largest outflow ever, and MEXC reports a massive spike in fraudulent activity.
Tag: Pakistan
IMF Flags Concerns Over Pakistan’s Bitcoin Mining Power Plan: Impact on Crypto?
The IMF is scrutinizing Pakistan’s allocation of 2,000 MW for Bitcoin mining amid economic woes. What does this mean for the country’s crypto ambitions and the broader market?
Pakistan Appoints Special Assistant to PM on Blockchain and Crypto: A Deep Dive
Pakistan is making significant strides in the digital asset space. Prime Minister Shehbaz Sharif’s recent appointment of Bilal Bin Saqib as Special Assistant on Blockchain and Crypto signals a strong commitment to the sector, alongside new initiatives in Bitcoin mining and regulatory frameworks.
Pakistan Establishes Digital Asset Authority to Regulate Cryptocurrency Market
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.