Crypto users demand reinstatement of Pakistani government adviser following s...
Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers. Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash.On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber Pakhtunkhwa province, announced he would resign his position. Bangash cited “unavoidable circumstances” in his decision to leave....
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With total funding of $37.8 million to date, Bazaar Technologies is among Pakistan’s most capitalized startups. Pakistani blockchain-powered business-to-business (B2B) marketplace, Bazaar Technologies, has secured $30 million in the country’s largest Series A round to date.Bazaar announced the closure of its latest raise on Aug. 24, revealing that th Silicon Valley-based Defy Partners and Singapore’s Wavemaker Partners had led the funding round.The round also saw participation from dozens of other investors, including Endeavor, LinkedIn, Japan’s Saison Capital, and existing investors Indus....
The Indian government’s chief economic adviser has warned about innovations like crypto and decentralized finance (defi) in the absence of regulation. “We may not be fully aware or comprehend the kind of forces we are unleashing ourselves,” he opined.
Indian Government’s Chief Economic Adviser Skeptical of Crypto, Defi, Decentralization
The Indian government’s chief economic adviser (CEA), V. Anantha Nageswaran, reportedly warned about the danger of crypto and the risks posed by its lack of regulation Thursday at an Assocham event. Referring to....
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made the official announcement after holding discussions in the midst of a nationwide dialogue about if the federal government should legalize crypto assets and take it out from the limbo. Dr. Sumera Shams, a member of....
A former reality TV host with millions of followers on YouTube became one of Pakistan's biggest crypto proponents, and hopes to help his country shine again. When YouTube was banned in Pakistan, Reality TV star Waqar Zaka "had no other option" than to turn to Bitlanders — an artificial intelligence (AI) educational social platform — to monetize his content in Bitcoin (BTC). Cointelegraph interviewed Zaka for the latest episode of Crypto Stories to find out how this celebrity came up against the Pakistani government.Zaka claimed that the capital gains he was earning in Bitcoin were....
The U.K.’s chief scientific adviser has urged the government to adopt the blockchain technology that powers Bitcoin to run various public services, BBC News reports. The recommendation comes in the form of a new report produced by the U.K. Government Office for Science, edited by Sir Mark Walport, chief scientific adviser, which looks at the future of distributed ledger (or blockchain) technology and advocates the use of blockchains for a variety of services. The report, titled “Distributed ledger technology: beyond block chain,” explores how distributed ledger technology can revolutionize....