Global Regulatory Developments:
United States: SEC Chair Paul Atkins announced plans to establish clear guidelines for crypto tokens classified as securities. This initiative aims to support lawful issuance, custody, and trading of digital assets, aligning with President Donald Trump's pro-crypto stance.
United Kingdom: London launched GFO-X, its first regulated and centrally cleared digital asset derivatives trading platform. Authorized by the Financial Conduct Authority (FCA), GFO-X offers bitcoin index futures and options, marking a significant milestone for institutional crypto derivatives trading in the UK.
Developments in Pakistan:
Virtual Assets Bill 2025: Introduced by Senator Dr. Afnan Ullah Khan, this bill aims to establish a comprehensive regulatory framework for virtual assets, including cryptocurrencies and blockchain technologies. A key feature is the introduction of the Digital Rupee, a virtual currency pegged to the Pakistani Rupee and regulated by the central bank.
Pakistan Crypto Council (PCC): Launched on March 14, 2025, the PCC focuses on developing clear regulatory policies, engaging stakeholders from both public and private sectors, and positioning Pakistan as a key player in the global digital asset landscape.
These developments reflect Pakistan's commitment to integrating blockchain technology and cryptocurrencies into its financial system while ensuring regulatory oversight to protect investors and maintain financial stability.
Cryptocurrency Market Update:
As of today,$BTC Bitcoin (BTC) is trading at $101,891.00, reflecting a slight decrease of 1.28% from the previous close. Ethereum (ETH) is priced at $2,547.08, down 2.11%. $BNB BNB (BNB) stands at $650.90, with a minor decline of 0.35%. XRP (XRP) is trading at $2.49, down 3.86%, and Cardano (ADA) is at $0.7748, reflecting a 4.43% decrease.
Please note that cryptocurrency markets are highly volatile. It's advisable to consult multiple sources and stay updated with the latest information.
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