Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house ...
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Mashreq Offer Free Remittance Transfers From the UAE to Pakistan
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United Arab Emirates-based Mashreq Bank has signed a strategic partnership with Bank AL Habib Pakistan. The partnership will see Mashreq offer free remittance transfers from the UAE to Pakistan. The partnership will support QuickRemit, a cross-border payment product from Mashreq. Users of ...
State Bank of Pakistan Revokes Licence of Fintech TAG Amid Regulatory Concerns
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State Bank of Pakistan (SBP) has revoked the in-principle approval and pilot operations approval granted to fintech M/s. TAG Innovation Pvt. Ltd – referred to as TAG – to operate as an electronic money institution (EMI). Fintech TAG, launched in ...
Pakistan Youth to Be Taught Blockchain Tech as Fasset Partners With Prime Minister’s Youth Programme
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Fasset is partnering with Pakistan’s Prime Minister’s office, as part of their Prime Minister’s Youth Program (PMYP) to educate one million young people on blockchain based technologies, web3 and crypto. The partnership, in conjunction with JazzCash, the telco with over ...
Webx and Paymob to Launch Webx Pay in Pakistan
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Webx Ecommerce, a Pakistan-based e-commerce platform for creating and running online stores, has partnered with Paymob, the omnichannel payments gateway in the MENAP region, to launch Webx Pay, a payment service that will seamlessly integrate with digital stores on Webx ...
Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions – Emerging Markets Bitcoin News
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Pakistan can generate tax revenues of at least $90 million each year if authorities impose a 15% tax on cryptocurrency transactions, an executive with a cryptocurrency exchange has said. 15% Crypto Tax An executive with a Pakistani cryptocurrency exchange has ...
Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned – Regulation Bitcoin News
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The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. ...
Mastercard ‘Encouraged’ as Egypt’s Paymob Expands Into Pakistan
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Digital payments provider Paymob has unveiled its expansion into Pakistan following ‘rapid growth’ in its home market of Egypt, as well as Jordan and Kenya. Mastercard has ‘welcomed’ the move. Paymob has described the market opportunity in Pakistan as ‘significant’ ...
Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto – Bitcoin News
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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 ...
Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report – Bitcoin News
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Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly ...