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The ongoing tensions between India and Pakistan have shaken the cryptocurrency market. This article explores the implications of such geopolitical events on crypto investments.
Bitcoin shows resilience despite the Dallas Fed Manufacturing Index hitting its lowest point since the onset of the COVID-19 pandemic and escalating tensions between India and Pakistan.
Changpeng Zhao, the founder of Binance, has been appointed as an advisor to the Pakistan Crypto Council during a major downturn in the country's stock market.
Pakistan is shifting towards a regulatory framework for cryptocurrency to position itself as a favorable market for international investment.
Pakistan aims to explore blockchain technology to enhance the efficiency and reduce the costs associated with remittances from abroad, stated adviser Bilal bin Saqib.
Pakistan is set to create a National Crypto Council aimed at overseeing cryptocurrency regulations.
The newly proposed council aims to advise on crypto legislation and policy development in Pakistan.
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