Altcoins News
By Bruce Buterin
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What happened. Pakistan's virtual-assets regulator has been in talks with an Islamic scholar who recently issued…
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The historical context. Pakistan isn't the first country to find itself stuck between blockchain ambitions and deeply held…
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Why it matters. The stakes here go well past Pakistan's borders. If the regulator and the scholar's camp find…
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What to watch. A few things worth tracking closely as this plays out.
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Can a country build a crypto future while its religious authorities say no to crypto payments? That's basically the live question in Pakistan right now.
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Pakistan's virtual-assets regulator has been in talks with an Islamic scholar who recently issued a ruling against using cryptocurrencies to buy goods and services.
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The pattern keeps repeating across emerging markets: regulators want the revenue and the innovation, religious or traditional institutions want financial practices that fit…
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The stakes here go well past Pakistan's borders. If the regulator and the scholar's camp find workable common ground, it could produce a regulatory model that other…
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But if the talks collapse or stall indefinitely, the consequences are pretty concrete. Entrepreneurs building on blockchain, younger Pakistanis who've been using crypto as a…
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And there's a real cost to falling behind. The global digital economy isn't waiting for doctrinal debates to wrap up.
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Related: 5 Senate Democrats Demand Hearings on Trumps UAE Crypto Ties
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The pace of Pakistan's regulatory dialogue is the obvious one. Slow, inconclusive talks probably mean the status quo holds — which, for crypto firms operating in or eyeing…
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Crypto adoption rates across Islamic-majority nations over the coming months will also be worth watching.
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And watch the business side. How local and international crypto firms respond to Pakistan's regulatory signals will say a lot.
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Related: Empery Digital Stock Jumps as Bitcoin Sold to Fund AI Data Center Push
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