The central bank of Pakistan recently took a disappointing position on crypto assets, also urging the SHC to sanction exchanges. The chairman and CEO of the council stated that they would offer Bitcoin to expand the technology industry.
A report submitted to the Sindh High Court (SHC) states that the State Bank of Pakistan and the federal government banned using cryptocurrencies.
They provided that update after a long period of uncertainty about cryptocurrency regulations over the years. Pakistan has not had any laws governing the trade of those digital assets, at least until now.
However, the central bank recently took a position on using digital assets, which is disappointing to some people. In addition, it urged the SHC to impose sanctions against cryptocurrencies besides banning cryptocurrencies.
Northwest Arkansas Attracts Remote Workers with USD 10,000 Worth of Bitcoin
The Northwest Arkansas Council consists of a group of business leaders intended to encourage development in the region. The organization recently announced a crypto incentive program to attract technology professionals and entrepreneurs to work remotely.
Nelson Peacock, the chairman, and CEO of the council stated that the sector would offer USD 10,000 worth of Bitcoin. In that way, they would look to expand their range of talent in the technology industry.
The crypto incentive program will offer that amount of Bitcoin to the people who qualify for the jobs. Besides, they must be willing to live in Northwest Arkansas near Fayetteville, Springdale, Rogers, and Bentonville for at least a year.
Fifty Percent of the Wealth of Billionaire Bill Miller Is in Bitcoin
Billionaire and leading fund manager Bill Miller is very optimistic about Bitcoin, so 50% of his assets relate closely to cryptocurrencies.
Miller, a fund manager at Legg Mason between 1991 and 2005, beat the S&P 500 index for an unprecedented 15 years in a row. He has invested heavily in Bitcoin in funds he managed, but his revelation about his portfolio is new.
The investor said that he started buying Bitcoin at around USD 200 in 2014 after hearing a talk by technology entrepreneur Wences Casares. The expert, known as Bitcoin Patient Zero, described it as a robust intellectual experiment and persuaded billionaires to invest in it.
The Kingdom of Tonga Could Follow the Example of El Salvador
Former Tongan parliamentarian Lord Fusitu’a recently suggested establishing Bitcoin as legal tender. He expects the nation to adopt the cryptocurrency by November, for which the House must receive a bill.
Amid that announcement, the cryptocurrency community reacted with great curiosity, promoting debates. It is relevant to know that this proposal would allow more than 100,000 Tongan residents to join the Bitcoin network.
Many community members asked how that bill came about and whether it is like the system of El Salvador. Fusitu’a replied that the law proposal was almost identical to that of the Central American country.
Bitcoin is trading at around USD 43,221 and has accumulated a 3.6% profit in the last seven days. Its daily trading volume is above USD 14.47 billion, and its market capitalization is about USD 818.24 billion, according to CoinGecko.
By Alexander Salazar
