#BITCOIN Recent developments indicate a significant global shift in cryptocurrency policies. In the United States, President Donald Trump, previously a crypto skeptic, signed an executive order establishing a strategic bitcoin reserve. This reserve will be funded by bitcoins seized in criminal or civil asset proceedings, aiming to leverage bitcoin's fixed supply as a strategic advantage. The order also mandates budget-neutral strategies for acquiring additional bitcoin without burdening taxpayers.
Concurrently, Pakistan is moving towards legalizing cryptocurrency, marking a major shift in its financial policy. The government has approved a proposed amendment to the State Bank of Pakistan (SBP) Act, allowing the central bank to issue digital currency. This move aims to integrate digital currencies into Pakistan's financial system, promoting innovation and financial inclusion.
These policy shifts reflect a growing global acceptance of cryptocurrencies, with nations exploring digital assets to enhance financial strategies and technological innovation.