Pakistan has signed a cryptocurrency agreement with World Liberty Financial, a company majority-owned by the Trump family. The agreement aims to boost blockchain adoption, stablecoin adoption, and DeFi integration in Pakistan.
*Key Details of the Agreement:*
- *Partnership:* World Liberty Financial signed a letter of intent with the Pakistan Crypto Council to accelerate blockchain innovation and stablecoin adoption. - - Position Pakistan as a global leader in digital finance and enhance its status as one of the fastest-growing crypto markets. - World Liberty executives met with Pakistan's Prime Minister Shehbaz Sharif, Army Chief General Asim Munir, and other senior officials.
- *Crypto Adoption*: Pakistan aims to become the "crypto capital of South Asia" with the backing of World Liberty Financial and Binance founder Changpeng Zhao. - *Regulatory Approach*: Pakistan's approach to crypto regulation is expected to be more open, contrasting with India's tighter tax laws
- *Pakistan's Crypto Market*: Pakistan has an estimated 25 million crypto users and $300 billion in annual transaction volume, ranking ninth worldwide in crypto adoption - *World Liberty Financial*: The company raised $300 million by selling tokens and plans to launch a stablecoin called USD1 .$
Panama to Establish Strategic Bitcoin Reserve Panama City's mayor has announced plans to adopt a strategic Bitcoin reserve, positioning the country as a leader in cryptocurrency adoption in Latin America. This move is part of a broader trend of governments exploring the potential of Bitcoin and other digital assets.
Background Panama has been actively working on regulating cryptocurrencies, with a draft bill that recognizes Bitcoin, Ethereum, and stablecoins as valid payment methods. The proposed law aims to provide a clear structure for digital assets in financial transactions and promote transparency and efficiency .
Conclusion Panama's adoption of a strategic Bitcoin reserve marks a significant step in the country's cryptocurrency journey. Most of the billionaires holds their black money in Panama banks..In few months we will see a new ATH of BTC..#StrategicBTCReserve