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Celeb Waqar Zaka Calls His New Crypto Idea a Solution to Pakistan’s Debt Dilemma

waqar zaka, pakistan

Pakistani television show host, social media star and a self-proclaimed crypto king, Waqar Zaka, has announced that he plans to use skills acquired as an engineering graduate to launch ‘Tehreek-i-Tech’- the country’s first own cryptocurrency project. Zaka plans to see these ambitious plans come to fruition with support from his old alma mater the National University of Science & Technology and …


Pakistan Central Bank Eyes Digital Currency Launch by 2025

Pakistan Central Bank Eyes Digital Currency Launch by 2025

Pakistan’s central bank, the State Bank of Pakistan (SBP), has revealed plans of launching a digital currency by 2025. According to a report from a local newspaper on Tuesday, the deputy governor of SBP, Jameel Ahmad, explained how the central bank is working on plans to introduce Pakistan’s own digital currency concept in a bid to “promote financial inclusion and …


Pakistan Enforces Crypto Ban, Taking Action Against 9 Crypto Firms

Pakistan Enforces Crypto Ban, Taking Action Against 9 Crypto Firms

Pakistan’s Securities and Exchange Commission (SECP) is to take legal action against nine companies defying the cryptocurrency ban in that country. Despite Pakistan’s Finance Minister Asad Umar recently issuing a recommendation to legalize cryptocurrency trading and business in the country affecting 5,000 digital currency exchanges, the ban is still in place. The companies targetted by the Pakistan regulator are Gold …


Pakistan to Regulate Crypto Firms with New License Scheme

Pakistan to Regulate Crypto Firms with New License Scheme

After a period of uncertainty and haranguing from international organizations, Pakistan has now declared that it will put in place complete regulations for the cryptocurrency industry. As reported today by the Express Tribune citing Ministry of Finance sources, the federal government will now bring in regulations for Electronic Money Institutions (EMIs), based on recommendations from the G7’s Financial Action Task …


Exclusive: How a Local Startup Was Instrumental in Pakistan’s Decision to Legalize Crypto

How a Local Startup Was Instrumental in Pakistan's Decision to Legalize Crypto (2)

Pakistan’s own national celebrity and humanitarian Wakar Zaka has told Bitcoin News that his project, TenUp, played a key role in both informing the government about the technology and rousing a significant pressure group among the country’s population in favor of cryptocurrency legalization. Pakistan’s Finance Minister Asad Umar has issued a recommendation to legalize cryptocurrency trading and business in the country. …


Pakistan, Malaysia Introduce Blockchain Remittance System

blockchain remittance

The first blockchain remittance service between Malaysia and Pakistan has been launched. The Telenor group announced the news in Pakistan English daily Dawn. Telenor microfinance bank signed a contract with Malaysia-based remittance company Valyou for a system that will be supported by AliPay’s blockchain technology. The service claims to allow Malaysia-based Pakistani workers to send remittances back to their homeland. …


Islamic Business Group Calls for a Cryptocurrency for All Muslim Nations

IBF, Islamic Business Group Calls for a Cryptocurrency For all Muslim Nations

With Iran’s cryptocurrency waiting for approval from the Central Bank of Iran (CBI) the International Business Forum (IBF) has called for a single cryptocurrency for all Muslim nations. The concept has been kickstarted by Iran’s current move to alleviate its sanctions dilemma, attempting to combat what it sees as the dominance of the US dollar in world trade by launching …


Exclusive Interview With Waqar Zaka: Celebrity TV Host Turned Bitcoin Philanthropist Praises ”Revolutionary” Technology

Exclusive Interview With Waqar Zaka

In a Bitcoin News exclusive, Pakistani reality TV host Waqar Zaka explains how he turned his journey from national celebrity into one of Bitcoin philanthropy. Zaka’s spot as presenter and head of content on his show gave him a huge following of fans in Pakistan. He likened his platform to Fear Factor on MTV in the US, getting famous for doing …


Economic Turmoil In Pakistan Could Free Up Cryptocurrency Adoption

Pakistan

Soon to be prime minister, former Pakistan cricketer Imran Khan will be challenged to address the country’s current economic woes, which some have predicted may increase cryptocurrency usage. An economic crisis is predicted in Pakistan on the eve of a major shift in the political landscape. The Pakistani rupee has depreciated 15 percent against the US dollar in recent months …


Stellar Becomes First Sharia Law Approved DLT Protocol

Stellar Becomes First Sharia Law Approved DLT Protocol

Open source protocol Stellar has announced that it is now Sharia Law compliant in the cryptocurrency space, according to Cointelegraph. Stellar has claimed to be the first DLT protocol to receive such certification, and the company has been the focus of a Shariyah Review Bureau examination. The bureau is an advisory body licensed by the Bank of Bahrain which offers …


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