It has almost become the new normal for banks to take a rather aggressive stance toward cryptocurrencies. That will not surprise anyone, although it is quite rare to hear Pakistan’s State Bank weigh in on these discussions. Although it is just a warning for the time being, it is possible we may see an official ban imposed on cryptocurrency purchases in the near future.
Most financial institutions around the world have taken a negative stance toward Bitcoin and other cryptocurrencies. This is not entirely surprising, considering that this new form of money
threatens the business models of existing financial institutions. To put this into perspective, a few US banks have made it clear they feel threatened by Bitcoin, and opposing this form of money seems to be the logical consequence.Pump.fun, a popular platform, faced a significant security breach today, resulting in the loss of…
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