Pakistan steps up crypto enforcement with dedicated federal unit
Cointelegraph·- The Federal Investigation Agency (FIA) of Pakistan has established a dedicated unit to investigate cyber crimes and financial fraud related to cryptocurrencies. - This unit will focus on the use of digital assets in criminal activities, while the Pakistan Virtual Assets Regulatory Authority (PVARA) continues its regulatory role. - Pakistan is reported to be the third-largest cryptocurrency market globally in retail activities, with expectations of becoming a global leader in the industry by 2030.Fu Peng pressed the wrong button.
CoinLive·- An economist named Fu Peng, recently appointed chief economist of Xinhuo Group, has faced criticism for blocking crypto accounts questioning him on Twitter after entering the crypto space. - His transition from traditional finance to crypto highlights a fundamental clash of trust systems: while traditional finance controls information, the crypto world values transparency and public accountability. - Fu Peng's credible insights into institutionalizing crypto assets are significant, but his need for selective interaction could undermine his trust within the crypto community until he adapts to its norms.