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#cryptouniverseofficial Malyasia
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Virtual assets bill 2025 PakistanšššŖš»šŖš» Virtual Assets Bill 2025ā outlines plans to create a Digital Rupee, pegged to the Pakistani Rupee, under the central bankās 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 Zonesādesignated 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 Pakistanās own digital currency, enhancing the countryās position in the global digital economy.#BTCMove #AIXBT,COOKIE,CGPTOnBinance #DOJBTCAuction
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Chainlink and XRP Investors Turn to This $0.0015 Token Poised for 20,000% Returns in 2025
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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 āTetherā (USDT) and asking how to transfer funds to another wallet. Such messages are designed to lure victims into purchasing āTronā (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.
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