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Pakistan Adopts Crypto Regulations, Plans Launch of Cryptocurrency by 2025

So far, Pakistan’s stance towards digital currencies has been quite harsh, granted that the country’s national bank and government often warned businesses, individuals, fintech firms, and banks to abstain from processing crypto-based payments, and offering digital currency-related services. Pakistan adopts new crypto regulation, following FATF recommendations However, things are slowly changing. Since digital currencies can…

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Legacy Financial Institutions On Blockchain Hiring Spree, Indicates Growing Significance

Most crypto analysts agree that mainstream adoption of blockchain technology is well-underway. Although the price recovery of many platforms is clear evidence of this fact, another sign is a rush to hire blockchain experts by a range of legacy financial institutions such as banks, investment groups, and analytics firms. Demand for blockchain skills is clearly…

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Crypto Related Business Continue to Experience Difficulty Acquiring Banking Services

Crypto-related businesses continue to emerge across the globe, with entrepreneurs seeking to capitalize on the enormous development of the blockchain space. Despite their potential for success, access to banking and professional financial services remains one of the greatest challenges faced by these upstart companies. Most banks continue to be wary of working with cryptocurrency startups,…

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LocalBitcoins to Reduce Anonymity as Part of Regulatory Compliance Effort

One of the main advantages associated with digital currencies was their semi-anonymous status, meaning that while transaction data is public, the blockchain does not store any personal information. Following the growing popularity of cryptocurrencies over the last couple of years, things have changed. Governments throughout the world have come up with regulatory frameworks meant to reduce anonymity on the digital…

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