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Pakistan Boosts Bitcoin Mining with Crypto Regulation Initiatives

Pakistan has designated Bilal Bin Saqib as the special assistant to the Prime Minister for blockchain and cryptocurrencies. As CEO of the Pakistan Crypto Council, Saqib is tasked with developing regulations aligned with FATF standards and advocating for Bitcoin mining initiatives, notably without remuneration. Additionally, the government has committed 2,000 MW of power to support Bitcoin mining activities.
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AI Analysis

The appointment of Bilal Bin Saqib as special assistant to the Prime Minister for blockchain and crypto signifies a proactive approach by Pakistan towards integrating cryptocurrencies into its financi...

AI Recommendation

Investors should monitor Pakistan's regulatory developments closely, as supportive measures and infrastructure investments could boost the country’s crypto market prominence. This move may lead to inc...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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