The State Bank of Pakistan (SBP) has proposed a significant framework to recognise digital assets, including cryptocurrency, as legal currency in Pakistan. If approved, the plan would allow the SBP to issue its digital currency, potentially paving the way for a central bank digital currency (CBDC) within the country. This shift would mark a major departure from the SBP’s previous cautionary stance on virtual currencies.
With Donald Trump in office, his close partnership with Elon Musk will be a major driving force in how the DOGE price moves on the price charts. With that in mind, here are our Dogecoin price predictions for 2025, 2026, and 2030.
2025
2025 may prove to be a bullish year for Dogecoin. This growth is spurred by the presence of a crypto-friendly president and Elon Musk making his way into the administration. If the Department of Government Efficiency does get established in 2025, the DOGE community would feel validated about their cryptocurrency, which could give the Dogecoin price a boost.
Furthermore, there is also some buzz about Dogecoin becoming part of X money, which means that there is a possibility that Dogecoin could be a part of tipping on X (formerly known as Twitter).
Current price: $0.4201 (-22.06%). The chart shows a strong downtrend, with key support at $0.3947 and resistance at $0.4500–$0.5000. All moving averages are above the price, confirming bearish momentum.
Conclusion: It’s not the right time to buy as the trend remains bearish with a risk of further decline. Wait for stabilization near support or a confirmed reversal above $0.5000 before considering a buy.
Virtual Assets Bill 2025” outlines plans to create a Digital Rupee, pegged to the Pakistani Rupee, under the central bank’s oversight. It aims to regulate the issuance, trading, and management of virtual assets, ensuring these are securely backed by the local currency.
The legislation includes provisions for establishing Virtual Asset Zones—designated areas for cryptocurrency trading and management. These zones are intended to ensure financial stability, protect investors, and combat illegal activities such as money laundering and terrorism financing.
To bolster transparency and accountability, the bill mandates compliance with anti-money laundering (AML) and counterterrorism financing (CTF) regulations. It also introduces regular audits and reporting requirements for entities engaged in the virtual asset market.
A key component of the bill is the creation of a National Virtual Assets Regulatory Commission, tasked with registering and licensing Virtual Asset Zones, exchanges, and service providers. The commission will oversee the issuance of Pakistan Rupee-backed virtual assets, enforce AML/CTF compliance, and impose penalties for violations.
It is important to note that Pakistan currently does not have a Centrally Backed Digital Currency (CBDC) that could allow citizens to indulge in this practise. Meanwhile, the only remaining avenues for acquiring fiat cryptocurrency are being tightly monitored by the FIA, in lieu of a soft-ban that the country imposes on peer-to-peer trading.
The bill lays the groundwork for launching Pakistan’s own digital currency, enhancing the country’s position in the global digital economy.#BTCMove #AIXBT,COOKIE,CGPTOnBinance #DOJBTCAuction
You can also read this news on COINTURK NEWS: Beware of Crypto Scams Targeting Trusting Users The world of cryptocurrency is increasingly plagued by scams targeting participants. Recently, a common tactic has emerged in YouTube comments featuring messages about possessing “Tether” (USDT) and asking how to transfer funds to another wallet. Such messages are designed to lure victims into purchasing “Tron” (TRX) and transferring these assets elsewhere. Details of the Deception According to Kaspersky, a cybersecurity company based in Russia, this scam method is cleverly designed. The messages explicitly share recovery phrases, prompting some readers to use them in attempts to access their wallets. However, while USDT may be present, TRX is typically missing. To transfer USDT, a small amount of TRX must be sent first.
China’s Central Bank Highlights Cryptocurrency Regulation in Financial Stability Report
In its recently released 2024 Financial Stability report, the People's Bank of China (PBOC) underscored the importance of regulating crypto activities amidst ongoing global efforts. The report, published on Friday, included a section specifically addressing the regulatory landscape for cryptocurrencies and detailed Hong Kong's burgeoning crypto licensing regime. The PBOC noted that 51 jurisdictions worldwide have imposed bans or restrictions on cryptocurrency assets. This includes mainland China, where a blanket ban on all crypto trading and mining was implemented in September 2021.
In contrast, Hong Kong has adopted a different approach, actively welcoming crypto firms. As of June 2023, the region has officially launched a licensing regime for crypto trading platforms, permitting licensed exchanges to provide retail trading services.
The report also highlighted that major financial institutions, including HSBC and Standard Chartered Bank, are now required to monitor crypto transactions as part of their standard customer supervision protocols.
This move signifies a shift in regulatory practices within Hong Kong, which aims to integrate cryptocurrencies into the existing financial framework.
Additionally, the PBOC is committed to enhancing an international regulatory framework for crypto assets, as suggested by the Financial Stability Board.
While the central bank acknowledged that the connections between crypto activities and systemically important financial institutions may be limited, it warned that crypto could pose risks in certain economies, particularly as their use in payment systems and retail investments expands.
Pi Network extended the KYC deadline to January 31, 2025, with 14 million users verified (out of the requested 15 million target). Despite the delays and confusion regarding the launch of open mainnet, the project’s app surpassed 100 million downloads. Pi Network has built a particularly solid community base in Asia, with South Korea, China, Vietnam, Singapore, India, Japan, and more turning into strongholds.
🚨BIG BREAKINGS:USDT Delisting News: What You Need to Know 👇👇
USDT Getting Delisted on EU Exchanges – Should You Worry?
Recently, there’s been news about Tether (USDT) getting delisted from some European exchanges, I was ignoring the news as it wasn't really a big concern but many of you are asking if this is a serious issue. Let me make it simple and clear: It’s not a concern.
When the remaining $USUAL tokens are unlocked, potential scenarios include:
*Market Impact*
1. *Price volatility*: Increased token supply can lead to price fluctuations. 2. *Market saturation*: Large token releases may depress prices. 3. *Buying opportunities*: Some investors might view decreased prices as attractive.
*Ecosystem Development*
1. *Increased liquidity*: More tokens in circulation can enhance trading. 2. *Community growth*: Additional tokens can incentivize participation. 3. *Ecosystem expansion*: Funds from token sales can support development.
*Investor Considerations*
1. *Token value*: Assess potential impacts on your holdings. 2. *Long-term strategy*: Consider holding or selling. 3. *Market monitoring*: Track price movements and adjustments.
*Possible Actions*
1. *Stay informed*: Follow official updates and market analysis. 2. *Diversify*: Spread investments across assets. 3. *Consult experts*: Seek advice from financial professionals.
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