Countries like Vietnam are turning their attention to Bitcoin and various cryptocurrencies to improve local payment systems and protect against inflation. Pakistan is leading the initiative with the enactment of regulations to legalize cryptocurrencies, but its plans for a Strategic Bitcoin Reserve are generating controversy.
Amid the uproar surrounding its reserve plans, its national Bitcoin mining plan has caught the attention of the International Monetary Fund (IMF). The IMF is seeking clarifications from Pakistan's Ministry of Finance regarding the legality of its Bitcoin mining initiative.
The possibility of a Strategic Bitcoin Reserve in Ukraine has gained momentum as lawmakers begin to consider the offer. Additionally, lawmakers are pushing for the central bank to oversee the operations of the Strategic Bitcoin Reserve following its launch.
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