Pakistan's First Bitcoin Exchange Launches with Community-Building Ambitions
Pakistani bitcoin exchange Urdubit launched today in an effort to facilitate greater adoption of the digital currency in the region. The launch aims to usher Pakistan into the wider bitcoin community, as its operators are bullish on the digital currency's potential as a solution to greater geopolitical issues in the area. For now, Urdubit is focused on bringing liquidity to local bitcoin trading markets and educating newcomers on its promise as a decentralized commodity. Its founding partners, Zain Tariq and Danyal Manzar, are the founder and chief operating officer, respectively, of....
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Pakistan is currently the seventh most populous country in the world with approximately 202 million residents. Today, the country exhibits many traits ripe for accelerated bitcoin adoption. Bitcoin.com discussed bitcoin trends in Pakistan with Danyal Manzar, the co-founder of Pakistan’s first and largest bitcoin trading platform, Urdubit. Huge Freelance....
The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science minister said that the government intends to “regularize” crypto in the country.
Pakistan’s FIA Taking Action Against Crypto Websites, Backing Central Bank’s Crypto Ban Recommendation
Pakistan’s Federal Investigation Agency (FIA) has written to the....
Despite there not being much activity in the Bitcoin world of Pakistan and Saudi Arabia, the LocalBitcoin weekly volume in the two new markets reached an all time high in the week of Nov. 5. About SAR 70,000 - approximately $20,000 - was traded in Saudi Arabia that week, while RS 10.8 mln - about $103,000 - was traded in Pakistan. This development indicates not only a surge in interest in the two countries, but the gradual establishment of a young foothold in environments that offer vast potential for the top digital currency. Pakistan: more awareness and the Indian influence. Urdubit is....
This new partnership between Urdubit and Bitwage is great news for all freelancers in Pakistan, as it will now be possible to convert Bitcoin transactions to fiat more easily. Partnerships are always exciting in the world of Bitcoin and cryptocurrency, especially when it involves two completely different companies working together. Urdubit, the leading Bitcoin exchange in Pakistan, has partnered with Bitwage, a company specializing in Bitcoin payroll services. Urdubit and Bitwage Form An Interesting Duo. When two businesses active in the world of Bitcoin decide to form a partnership, there....
Pakistan Government has formed committees which will help them decide the future of the cryptocurrency business. These three sub-committees that have been set up will help the government of Pakistan to decide whether the digital asset should be banned or not. The committees are responsible to assess the various aspects of the industry to make […]