Pakistan’s securities regulator mulls new legal framework for crypto
Pakistan wants to unlock a new era of digital finance with crypto. Pakistan’s government is working on a framework for regulating cryptocurrencies like Bitcoin (BTC).The Securities and Exchange Commission of Pakistan, or SECP, has published a consultation paper on regulating digital assets. Issued on Nov. 6, the paper outlines major concepts for the growing digital finance market in Pakistan and examines the existing regulatory frameworks developed by other global jurisdictions.In the document, the SECP emphasizes that digital assets — also known as virtual assets, or crypto assets — are....
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The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said.
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A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes.”
In addition, the regulator revealed in a statement that it had consulted the “concerned authorities” during the development of....
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