Bitcoin Buying Up 300% in Pakistan, Demonetization’s Next Domino
Pakistan has announced plans to remove its largest currency notes from circulation as Bitcoin buying has surged fourfold in the country. Pakistan Joins War on Cash. The demonetization policies that have been recently implemented in countries like India and Venezuela are now spreading across the globe. More and more countries are attempting to eliminate cash transactions in what is being called an effort to reduce corruption, money laundering and black market economy. This time, Pakistan is joining the front of the demonetization policy by withdrawing the high denomination Rs 5,000 currency....
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PRESS RELEASE. Global blockchain technology organization ABBC Foundation announced a new crypto trading hub through its next-generation decentralized exchange (DEX) – DOMINO. Target launching of the DEX is on July 18, 2022.
ABBC Foundation declared that DOMINO will boast enhanced security protocols to facilitate a safe and efficient trading environment.
DOMINO DEX will allow its users to have the freedom to take advantage of low trading costs, no additional fees, and no minimum requirements needed. DOMINO DEX will only charge minimal fees; however, the fees can....
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....
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 […]
With growing adoption and state-sponsored mining in Pakistan, what does the country’s Bitcoin present and future look like? The post Tracing The Growth Of Bitcoin In Pakistan appeared first on Bitcoin Magazine.