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An up-to-date analysis estimates Pakistan's cryptocurrency market expanded to $20 billion in 2021, more than the country's current government reserves, making it one of the country's best-performing asset classes. In 2018, the central bank ruled that virtual currencies, such as Bitcoin, were not legal currencies. The State Bank of Pakistan does not recognize cryptocurrencies, but there has been an increase in interest in them. In 2020–21, the country ranked third in the Global Crypto Adoption Index, behind India and Vietnam. When it comes to crypto-related transactions, decentralized platforms are preferred by just 33% of Pakistani investors. In the peer-to-peer approach, investors in cryptocurrencies transmit payments directly to sellers, while service providers act as middlemen and escrow agents to shield themselves from counterparty credit risk.  

An integrated market in Gibraltar may be on its way shortly, allowing the trading of traditional bonds alongside major cryptocurrencies like bitcoin and dogecoin. If the complicated regulations of the crypto hub fail, the territory's financial sector might suffer reputational harm and international consequences. The Gibraltar Stock Exchange may be purchased by Valereum in the new year. The regulator in Gibraltar has given the go-ahead for the licensing of 14 cryptocurrency and blockchain companies within its current framework. If everything goes according to plan, the enclave might become a major Bitcoin node throughout the world. About a third of Gibraltar's $2.4 billion GDP comes from the banking industry. As the territory tries to shed its reputation as a tax haven, this is the latest development. More than the aggregate value of all companies listed on the London Stock Exchange, the cryptocurrency sector is worth an estimated $3.5tn (£2.6tn). When it comes to weeding out un

Thailand's central bank announced on Friday that it plans to start implementing its CBDC for the public by late 2022. A retail CBDC is a virtual currency issued by a central bank that resembles and acts like banknotes in appearance and function. According to Thailand's central bank, digital assets or cryptocurrencies such as bitcoin and ether should not be used as payment methods for products or services.  

The year 2021 is shaping up to be a watershed moment in the history of cryptocurrencies, with broad adoption, the introduction of new digital coins, and a battle with central banks over what exactly defines "money." Since October 2020, the price of bitcoin has experienced a significant increase and decrease in value. Earlier this month, Microstrategy, one of the world's largest publicly traded business intelligence organizations, stated that it will spend $600 million to purchase additional bitcoin.  In China, there is a crackdown on cryptocurrencies in operation right now. The authorities accuse bitcoin miners of wasting electricity and triggering lethal coal mining accidents, which they say is their fault.  

The parent company of Facebook, Meta, wants to be a lot more compatible with the blockchain. Andrew Bosworth, the company's new chief technology officer, shared his vision for web3 in a memo to workers. One of Meta's previous experiments with cryptocurrencies was to create a digital token that would exclusively be available to Facebook and WhatsApp users. Meta failed miserably. Consumer and commercial lending, credit cards, and savings will be the emphasis of the company's activity.  

Technology firm Indra has added a new feature to its road-toll payment system, which is capable of recording transactions on a distributed ledger (DLT). Improved transparency and traceability of toll transactions will result from the CRITICAL-CHAINS project, which created this capability. On a Mexican highway, the pilot solution is being tried. Toll-fee fraud and hacking have an impact on both road owners and users. Emails alleging that receivers haven't paid for utilizing a toll road are the most common form of scam. But road owners face a wider range of scams, including the use of counterfeit gasoline and credit cards to pay tolls, hacked toll systems, and the inability of concessionaires to record all toll payments. This problem can be solved by the CRITICAL-CHAINS partner. The Monterrey-Saltillo motorway in Mexico will be used as a testbed for Indra's autonomous driving technology. The implementation of blockchain does not change how road users interact with the system; rat

Token and digital wallet settlement between two CBDCs has been successfully tested by HSBC and IBM in a cloud-based environment. Transactions were carried out using an open-source distributed ledger based on IBM Fabric and R3's Corda. In a joint statement, the two financial firms expressed worry over regulatory issues.  

Russia's central bank deputy governor, Vladimir Chistyukhin, has expressed concern about the possibility of privately held cryptocurrencies being phased out of the country's financial system in the near future. According to Reuters, sources told the news agency that the central bank is concerned about the increasing volume of cryptocurrency transactions, which is threatening financial stability. After the People's Republic of China announced an absolute prohibition on all cryptocurrency transactions and "mining" in September, the value of bitcoin and other major digital coins plummeted.  

Siemens and JPMorgan Chase have partnered up to develop a ground-breaking payment system that will be used worldwide. With the help of digital ledger technology, transactions may be recorded and validated. The only currency that can now be moved is the United States dollar, although this is expected to change in the coming year. There was no indication of how many payments had been made up to this point. Direct debits and standing orders will continue to be available, but the new technology will allow banks to program payments as well. HSBC and Wells Fargo announced last week that they had reached an agreement to settle currency transactions directly on blockchain.  

Bitcoin's value has dropped from $58,000 to $46,000 in a matter of a month.  According to Eswar Prasad, blockchain technology is inefficient and does not scale effectively when used in collaboration with Bitcoin. Everyone could benefit from a low-cost payment alternative given by cryptocurrencies, which could help to enhance financial inclusion and stability overall. Central Banks claim that cryptocurrency has "ignited the thought of manufacturing digital copies of their own currencies,". According to Prasad, there are a number of other cryptocurrencies that utilize blockchain technology more effectively than bitcoin. When it comes to transactions, he believes that blockchain technology would "fundamentally upset" our current financial structure, which he calls "disruptive." Despite this lack of use of bitcoin as a medium of trade, Prasad believes that the cryptocurrency will have "no inherent value other than what investor trust leads it to have.

On the eve of the much-anticipated meeting of the US Federal Reserve, the cryptocurrency market lost more ground on Tuesday in New Delhi. Six of the top 10 digital tokens had fallen in value as of 9.30 IST. While Terra and Polkadot rose, Cardano lost 6%. The worldwide crypto market cap declined more than 5% to $2.13 trillion in comparison to the previous day. On the other hand, the global cryptocurrency market volume grew by 38 percent to $97.03 billion. New data released Monday by CoinShares shows cryptocurrency products and funds attracted $88 million of net inflows over the past week, even as cryptocurrency values fell. In the last 24 hours, Edul Patel, CEO, and Co-founder of Mudrex claims that the crypto market has fallen significantly following a profit-taking session. The "total traded volumes" jumped by more than 40%, he claimed, and "we should expect the market to be volatile over the next 24 hours"  

 To administer parole, commutation, and prisoner assessments, the eastern Chinese province of Jiangsu has implemented blockchain technology. More than 800 functions and over 1,200 procedures are included in the platform selected by the provincial prison administration. The Ministry of Justice urged prisons across the country to spread the word about the proposal. All commutation and parole decisions by the Jiangsu prison administration authority will be made available online. Allowing it to be transparent and tamper-resistant, could help prevent corruption or abuse in the jail setting. 1.8 million convicts are held in China's jails, which employ 300,000 guards. China's national five-year plan for the next five years and beyond included blockchain for the first time. During the Covid-19 pandemic in China last year, the technology was employed for administrative purposes. China's future city project, Xiong'an New Area, built a city-level blockchain network in 2020.

  If you're a Singaporean, you won't be able to utilize Binance's cryptocurrency trading platform after Monday. A subsidiary of Binance has withdrawn its application for permission to run an authorized cryptocurrency exchange in Singapore. Company officials explained that they made the choice "in light of global strategic, commercial, and development issues." Binance, the world's largest cryptocurrency exchange, has announced plans to refocus its activities in Singapore as part of an effort to extend the worldwide ecosystem for cryptocurrencies. Singapore-based initiatives like as incubation programs, education, and investment opportunities will be investigated by the company. If all goes according to plan, Hg Exchange (HGX) will purchase an 18 percent stake in the company.

The Project Jura experiment, which studied cross-border settlement of tokenized assets in wholesale CBDCs on a DLT-enabled platform, included Accenture, Credit Suisse, Natixis, R3, the SIX Digital Exchange, and UBS. A third-party DLT platform made it possible for French and Swiss commercial banks to make direct transfers of working capital bank deposits in euros and Swiss francs. Settlement methods like payment versus payment and delivery vs payment were utilized to conclude trades in digital assets and foreign exchange.  

  Marc Beckman wrote about it in his book "The Comprehensive Guide to NFTs, Digital Artwork, and Cryptocurrency," which was published in 2012. It is discussed in detail in the book how the Stern School of Business Luxury and Fashion Council came to be established at New York University. Fashion, art, athletics, and social justice are all potential beneficiaries of this development. It is impossible to tamper with data contained in NFTs in any way, including duplicating or forging it. The author's agency has been providing blockchain technology, digital art, and non-financial tokens (NFTs) consultancy services to the fashion and lifestyle industries for the past two years. The concept for the book, which was conceived in March of 2020, will have the greatest impact on those working in the fashion industry. The blockchain, according to Beckman, "is advancing the technology that is used to authenticate who generated something." Fashion, art, athletics, and social j

According to research by the Bitcoin Foundation, the number of crypto billionaires worldwide is likely to exceed 100,000 by 2021. By volume, millennials make for more than half of the global luxury market and 58 percent of the cryptocurrency investor community. Luxury tourism firms are increasingly embracing and implementing blockchain technology to build loyalty programs and tokenize tangible assets via non-fungible tokens. International luxury tourism is expected to expand at a double-digit rate.  LynKey has announced an initiative to tokenize and deliver near-future technologies for travel and tourism (valued at $8 billion). It leverages smart contracts to digitally transform luxury resorts and properties in a variety of locations. Businesses can profit from crypto-based payments by capitalizing on the underlying assets' appreciation. This enables them to link a worldwide audience to a blockchain-powered platform and ecosystem-enabling tokens.  

 According to Governor Erbolat Dossayev, the country's central bank has developed a prototype of a digital-tenge platform. The central bank is expected to make this determination in the latter half of 2022. Kazakhstan is one of the largest Bitcoin mining nations in the world in terms of total hash power. The National Bank of Kazakhstan will solicit public input on the proposed Central Bank of Kazakhstan commencing in May 2021.

  A new licensing structure for cryptocurrency exchanges will be developed, and the introduction of a retail central bank digital currency is being considered as part of Australia's reform of its A$650 billion per day ($463 billion) payment system. Approximately 55 million non-cash transactions are completed every day in the country down under, with almost half of the population completing purchases using mobile devices to make transactions. Despite the fact that Cryptocurrencies are prohibited in India and China, Australia's conservative government is taking a more liberal approach to reining in the world's most powerful internet corporations. When compared to the previous year, the number of Australians who deal in bitcoin has increased by 63 percent this year.

  Yellow.com and Openware have completed their integration. For the time being, the newly formed company will be called the "Yellow Group". Around the world, there are more than 120 people operating under the umbrella brand of the company, with offices and office spaces in countries such as Dubai, the UAE; the United Kingdom; France; Thailand; and the United States of America. Bitcoin's technology is being used to construct a distributed liquidity network for exchanges and financial institutions that will be capable of handling billions of transactions in the near future. A modular framework for building digital asset trading platforms known as Openware is the primary provider of this open-source software. There are many services offered by Yellow that organizations may make use of. These include financial and mentoring assistance as well as consultancy services. Internet of Finance data-sharing network Yellow.org's underlying corporation, the Yellow Group, has big am

  One of the NFTZ funds is invested in enterprises such as cryptocurrency miners and cryptocurrency exchanges. An ETF that focuses on the crypto-related aspects of the metaverse has experienced a surge in new investors. NFTZ is an ETF that invests in tokens that are not fungible. This year has seen a dramatic rise in the popularity of NFTs, digital collectibles linked to the blockchain. Defiance said that total trade volume had surpassed $15 billion as of the end of October. To monitor the first-ever National Futures Fund (NFF), an ETF tracking the metaverse, the NFTZ fund will use a proprietary algorithm. Fintech banking startup Silvergate and cryptocurrency miners Marathon Digital Holdings and Bitfarms are the fund's largest interests.

  After a few years and a lot of research, a new digital currency known as CBDC was created by the Federal Reserve Bank of the United States. The government organized a conference in October 2021 after receiving a request to change the 1934 Reserve Bank of India Act. In this way, the word "banknote" would be expanded to include digital currency as well as paper currency. An official in the Indian government's Ministry of Finance, Pankaj Chaudhary claims that the decision will have a major positive impact on the country. Government officials are expected to include a cryptocurrency regulation bill that includes Reserve Bank of India's Central Bank Digital Currency, according to industry sources. In an interview, a source said that unregulated cryptocurrency exchanges had the ability to destabilize the macroeconomic system and generate massive speculative bubbles. Trade on private bitcoin exchanges would be prohibited by the Cryptocurrency and Regulation of Digital Curr

In a strategic agreement launched today, TruTrace Technologies, a blockchain platform developer for the legal cannabis, food, and pharmaceutical industries, and Australian technology startup Laava will work together to advance product provenance and traceability. According to Gavin Ger, Laava's Joint-CEO and Commercial Director, "it was immediately apparent when we first met that we shared the belief that manufacturers and brand owners should maintain the quality of their products and that consumers should always get what they paid for." In the intention of making the product supply chain more traceable and authentic, we want to make a significant contribution to these objectives by working together. In total, more than five million Laava Smart Fingerprints have been implanted on products all around the world, including cherries, wine, personal protective equipment, documents, and NFTs. Since its inception, Laava has embarked on a variety of initiatives aimed at preventin