巴基斯坦
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Trump family's World Free Finance (WLFI) reaches strategic blockchain cooperation with Pakistan
World Free Finance (WLFI), a DeFi project supported by the Trump family, recently reached an important cooperation with the Pakistan Cryptocurrency Commission. The strategic agreement signed by the two parties will promote the development of blockchain technology in this country with a young population.
According to the letter of intent for cooperation signed on April 26, this cooperation will focus on key areas such as regulatory sandbox construction, tokenization of physical assets and cross-border payments of stablecoins, providing a more complete financial infrastructure for Pakistan's 25 million cryptocurrency users and an annual transaction volume of US$300 billion.
There is a complex business network behind this cooperation. Bilal Bin Saqib, CEO of the Pakistan Cryptocurrency Commission, has also served as an advisor to WLFI, and previously Binance founder Zhao Changpeng (CZ) was also hired as a strategic advisor to the commission.
More notably, according to the Wall Street Journal, the Trump family is negotiating the acquisition of Binance.US shares through its business partner Steve Witkoff, showing its expansion ambitions in the crypto landscape.
Although CZ denied the relevant reports, WLFI's recent successful completion of a $550 million token sale and the launch of the stablecoin USD1 do indicate that the Trump camp's layout in the crypto field is accelerating.
For Pakistan, this cooperation means an important development opportunity. The country's Finance Minister Muhammad Aurangzeb said that through such cooperation, a new door has been opened for the country's investment, innovation and global leadership in the blockchain economy.
By introducing advanced DeFi protocols and asset tokenization technologies, Pakistan is expected to occupy a more important position in the global digital economy.
World Free Finance has gained access to emerging markets, and the cooperation between the two sides may reshape the financial technology landscape in South Asia.
In the future, how this cooperation will be implemented and what impact it will have on Pakistan and the global digital economy is worthy of our continued attention.
Finally, do you think the Trump family and Pakistan's emerging market blockchain marriage is promising? Is the path for developing countries to achieve financial inclusion through DeFi worth looking forward to?
#特朗普 #DeFi发展 #巴基斯坦 #加密货币布局
World Free Finance (WLFI), a DeFi project supported by the Trump family, recently reached an important cooperation with the Pakistan Cryptocurrency Commission. The strategic agreement signed by the two parties will promote the development of blockchain technology in this country with a young population.
According to the letter of intent for cooperation signed on April 26, this cooperation will focus on key areas such as regulatory sandbox construction, tokenization of physical assets and cross-border payments of stablecoins, providing a more complete financial infrastructure for Pakistan's 25 million cryptocurrency users and an annual transaction volume of US$300 billion.
There is a complex business network behind this cooperation. Bilal Bin Saqib, CEO of the Pakistan Cryptocurrency Commission, has also served as an advisor to WLFI, and previously Binance founder Zhao Changpeng (CZ) was also hired as a strategic advisor to the commission.
More notably, according to the Wall Street Journal, the Trump family is negotiating the acquisition of Binance.US shares through its business partner Steve Witkoff, showing its expansion ambitions in the crypto landscape.
Although CZ denied the relevant reports, WLFI's recent successful completion of a $550 million token sale and the launch of the stablecoin USD1 do indicate that the Trump camp's layout in the crypto field is accelerating.
For Pakistan, this cooperation means an important development opportunity. The country's Finance Minister Muhammad Aurangzeb said that through such cooperation, a new door has been opened for the country's investment, innovation and global leadership in the blockchain economy.
By introducing advanced DeFi protocols and asset tokenization technologies, Pakistan is expected to occupy a more important position in the global digital economy.
World Free Finance has gained access to emerging markets, and the cooperation between the two sides may reshape the financial technology landscape in South Asia.
In the future, how this cooperation will be implemented and what impact it will have on Pakistan and the global digital economy is worthy of our continued attention.
Finally, do you think the Trump family and Pakistan's emerging market blockchain marriage is promising? Is the path for developing countries to achieve financial inclusion through DeFi worth looking forward to?
#特朗普 #DeFi发展 #巴基斯坦 #加密货币布局
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🔄Pakistan has changed its previous stance of resistance and announced the establishment of a cryptocurrency regulatory committee!
Recently, Pakistan announced the establishment of a national cryptocurrency committee responsible for overseeing the regulation of digital assets. This decision marks a 180-degree turn in Pakistan's attitude towards cryptocurrency, shifting from previous resistance to gradual acceptance.
This all started with Trump. After being elected in 2024, Trump has consistently advocated for friendly regulations towards cryptocurrency and has supported digital assets. Influenced by this, Pakistan announced the legalization of cryptocurrency in November of the same year, reversing its previous stance of resistance.
Pakistan plans to establish an interdepartmental cryptocurrency committee, bringing together government, regulators, and industry experts to develop policies to address regulatory challenges and ensure the security, compliance, and sustainable development of the digital asset ecosystem. At the same time, the committee will work with international partners to build a framework for international digital economy standards.
It is worth noting that just last year, the Pakistani government and central bank held a strict attitude towards cryptocurrency, with a former finance minister even publicly stating that Pakistan would never legalize digital assets. Now, this change not only reflects global trends but also shows Pakistan's ambitions in the digital economy field.
Current Finance Minister Aorang expressed that Pakistan is not only seeking the legalization of digital assets but also intends to integrate blockchain technology into its financial infrastructure to promote efficiency and innovation.
Meanwhile, countries in Asia have varied stances on cryptocurrency: India is trying to suppress industry development with high taxes, Bhutan has openly disclosed its substantial Bitcoin holdings; Singapore and Taiwan actively support, while mainland China continues to impose restrictions, and South Korea and Japan cautiously explore regulatory paths.
In summary, Pakistan's establishment of a cryptocurrency regulatory committee not only reflects a shift in its digital asset policy but also mirrors the increased recognition of cryptocurrency globally. At the same time, as countries actively participate, the regulation and ecosystem of cryptocurrency will continue to mature, contributing to the growth of the global digital economy.
💬 With Pakistan joining this trend, will it be an important step for the global proliferation of cryptocurrency? Let's see in the comments section!
#巴基斯坦 #加密货币 #监管委员会 #数字经济
Recently, Pakistan announced the establishment of a national cryptocurrency committee responsible for overseeing the regulation of digital assets. This decision marks a 180-degree turn in Pakistan's attitude towards cryptocurrency, shifting from previous resistance to gradual acceptance.
This all started with Trump. After being elected in 2024, Trump has consistently advocated for friendly regulations towards cryptocurrency and has supported digital assets. Influenced by this, Pakistan announced the legalization of cryptocurrency in November of the same year, reversing its previous stance of resistance.
Pakistan plans to establish an interdepartmental cryptocurrency committee, bringing together government, regulators, and industry experts to develop policies to address regulatory challenges and ensure the security, compliance, and sustainable development of the digital asset ecosystem. At the same time, the committee will work with international partners to build a framework for international digital economy standards.
It is worth noting that just last year, the Pakistani government and central bank held a strict attitude towards cryptocurrency, with a former finance minister even publicly stating that Pakistan would never legalize digital assets. Now, this change not only reflects global trends but also shows Pakistan's ambitions in the digital economy field.
Current Finance Minister Aorang expressed that Pakistan is not only seeking the legalization of digital assets but also intends to integrate blockchain technology into its financial infrastructure to promote efficiency and innovation.
Meanwhile, countries in Asia have varied stances on cryptocurrency: India is trying to suppress industry development with high taxes, Bhutan has openly disclosed its substantial Bitcoin holdings; Singapore and Taiwan actively support, while mainland China continues to impose restrictions, and South Korea and Japan cautiously explore regulatory paths.
In summary, Pakistan's establishment of a cryptocurrency regulatory committee not only reflects a shift in its digital asset policy but also mirrors the increased recognition of cryptocurrency globally. At the same time, as countries actively participate, the regulation and ecosystem of cryptocurrency will continue to mature, contributing to the growth of the global digital economy.
💬 With Pakistan joining this trend, will it be an important step for the global proliferation of cryptocurrency? Let's see in the comments section!
#巴基斯坦 #加密货币 #监管委员会 #数字经济
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Breaking news! Pakistan takes a crucial step in the cryptocurrency sector, the State Bank of Pakistan (SBP) is cautiously considering the recognition of cryptocurrencies and plans to launch its own Central Bank Digital Currency (CBDC), namely the digital rupee. Once implemented, cryptocurrencies are expected to gain legal tender status in Pakistan. Of course, strict penalties will be imposed for unauthorized issuance of cryptocurrencies. This series of actions could potentially reshape Pakistan's economic landscape. Do you think cryptocurrencies can usher in a spring in Pakistan? Share your thoughts in the comments!
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