New Delhi, July 13 (IANS) Pakistan’s top crypto regulator said digital assets should be assessed individually under Islamic law after meeting a prominent scholar whose recent fatwa broadly rejected purchases made with cryptocurrency, a new report has said.Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, said he held a “constructive discussion” with Mufti Taqi Usmani about the Sharia status of digital assets and that both agreed on the need to protect Pakistani…
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New Delhi, July 3 (IANS) US President Donald Trump’s recent disclosure about his earnings after taking over the country’s top post clearly reveals that Pakistan has earned his goodwill by backing his crypto enterprise, but is it durable or even beneficial for the country?The figures that are now out in the public domain show that the Trump family earned a whopping $1.4 billion through the crypto route, which far exceeds the income from its main real estate business. World Liberty Financial, …
Washington, July 1 (IANS) US President Donald Trump’s latest annual financial disclosure shows that cryptocurrency has become one of the biggest sources of income for his business empire, with hundreds of millions of dollars generated from token sales, equity transactions and digital asset holdings linked to World Liberty Financial and other crypto ventures.The filing submitted to the US Office of Government Ethics gives details of his holdings in digital assets through DT Marks Defi LLC, former…
Washington, June 24 (IANS) US Senate Democrats accused President Donald Trump of allowing foreign financial interests to intersect with US national security policy, alleging that the United Arab Emirates received a series of favourable decisions after investing heavily in the Trump family’s cryptocurrency business.A report released by Democratic staff of the Senate Banking, Housing and Urban Affairs Committee, led by Ranking Member Elizabeth Warren, alleges that UAE-linked officials and entities…
New Delhi, June 19 (IANS) When it comes to Pakistan’s foreign policy there has been a noticeable shift. The foreign policy which was formally conducted through diplomats and Embassies has now witnessed a marked change. Today there is a lot of reliance on businessmen, lobbyists, crypto entrepreneurs, personal networks and political intermediaries.Disinfo Lab, a group of researchers who investigate Info-warfare and Psy-war said in a series of posts on social media platform X that since 2024 there …
New Delhi, Feb 11 (IANS) Pakistan’s plan to embrace a dollar‑linked stablecoin through a partnership with US crypto firm World Liberty Financial could accelerate the country’s dollarisation and undermine its macroeconomic stability, a new report has said.The report in the Daily Mirror said that a dollar-pegged stablecoin embeds a preference for the dollar as store of value and medium of exchange encouraging households to hold it as a state-tolerated alternative and move away from Pakistani r…