BitcoinWorld Brandon Gill’s Late Bitcoin Disclosure Sparks Congressional Transparency Concerns The world of cryptocurrency often intersects with the corridors of power, and sometimes, those intersections reveal bumps in the road. A recent instance involving Texas Representative Brandon Gill has brought the spotlight onto lawmaker financial disclosures, specifically concerning digital assets like Bitcoin. News surfaced that Rep. Gill failed to report significant Bitcoin purchases within the required timeframe under a key transparency law, sparking debate and raising questions about adherence to regulations designed to prevent conflicts of interest. Who is Brandon Gill and What Happened with His Bitcoin Disclosure? Representative Brandon Gill , a Republican from Texas, recently drew attention not for his legislative work, but for his financial dealings. Reports indicate that Rep. Gill purchased a substantial amount of Bitcoin, potentially valued at up to $500,000. While members of Congress are permitted to buy and sell assets, they are mandated by law to disclose these transactions publicly and promptly. In this case, the issue wasn’t the purchase itself, but the timing of the required disclosure. According to reports from Decrypt and other sources, Rep. Gill’s filing for these Bitcoin purchases came significantly later than the 45-day window stipulated by federal law. This late Bitcoin disclosure immediately raised eyebrows, particularly given the increasing focus on financial transparency among elected officials and the growing interest in cryptocurrency within political circles. Understanding the STOCK Act: The Rules of the Game The law at the heart of this matter is the Stop Trading on Congressional Knowledge Act, commonly known as the STOCK Act . Enacted in 2012 and later amended, this bipartisan law was designed to combat insider trading by members of Congress and other government employees by requiring timely reporting of stock, bond, and commodity futures transactions, and later expanded to include other securities and assets. Key requirements of the STOCK Act include: Timely Disclosure: Members of Congress and certain employees must publicly disclose any purchase, sale, or exchange of stocks, bonds, commodity futures, and other securities exceeding $1,000 within 45 days of the transaction. Public Availability: These disclosures must be made available to the public in an easily searchable, sortable, and downloadable format (typically online). Purpose: The primary goal is to increase transparency and deter lawmakers from trading based on non-public information they might obtain through their official duties. The intent is clear: to allow the public and watchdog groups to monitor lawmakers’ financial activities and identify potential conflicts of interest. Rep. Gill’s late filing directly contravenes the timely disclosure requirement of the STOCK Act . Why Timely Disclosure Matters for Congressional Transparency At its core, the requirement for timely financial disclosure is about fostering Congressional transparency . The public has a right to know if their representatives are making investment decisions that could be influenced by, or could influence, their legislative actions. This is particularly crucial in rapidly evolving sectors like cryptocurrency, where government policy can have a dramatic impact on asset values. When disclosures are delayed, it creates a cloud of suspicion. It makes it harder for the public and ethics watchdogs to connect potential dots between a lawmaker’s votes, committee assignments, or public statements and their personal financial gains or losses. Late disclosures, like the one concerning Rep. Gill’s Bitcoin, undermine trust in the integrity of the legislative process and fuel concerns that lawmakers might be prioritizing personal wealth over public service. The challenges with the STOCK Act ‘s enforcement also come into sharp focus here. While the law mandates disclosure, the penalty for a late filing is a mere $200 fine. Furthermore, this fine is often waived by ethics committees, especially for first-time offenders or if the filing is eventually made. Critics argue that such a negligible penalty does little to incentivize strict adherence to the rules, effectively making the 45-day deadline more of a suggestion than a strict requirement for those who can afford the minor fee or expect it to be waived. The Position of Crypto Lawmakers and Potential Conflicts The case of Rep. Gill also highlights the unique position of Crypto lawmakers – those who are actively involved in discussions or legislation concerning digital assets while also holding significant personal investments in them. There’s an ongoing debate about whether lawmakers should hold individual stocks or assets in industries they oversee. For Crypto lawmakers , this is particularly sensitive. As Congress grapples with how to regulate Bitcoin and other cryptocurrencies, the policy decisions made on Capitol Hill can profoundly impact the value of these assets. A lawmaker holding a large amount of Bitcoin who then votes on legislation that benefits Bitcoin could face accusations of a conflict of interest, even if their vote was based on genuine policy beliefs. While owning an asset class isn’t inherently wrong, the potential for perceived or actual conflicts necessitates strict adherence to transparency rules. Timely disclosure allows the public to assess these potential conflicts for themselves. Delays, especially from Crypto lawmakers , can erode confidence and fuel narratives that personal financial interests are influencing policy decisions. Beyond the Fine: Broader Implications and the Push for Stricter Rules Rep. Gill’s late Bitcoin disclosure is not an isolated incident; numerous lawmakers from both parties have faced scrutiny for late or incomplete financial disclosures over the years, involving various types of assets. However, the focus on cryptocurrency adds a modern dimension to this persistent issue. This incident reignites the broader discussion about strengthening congressional ethics rules. Many advocacy groups and some lawmakers are pushing for more stringent measures, such as: Increased Penalties: Raising the fine for late disclosures significantly to provide a real deterrent. Mandatory Blind Trusts: Requiring lawmakers to place their assets into a blind trust managed by a third party, preventing them from having direct control or knowledge of specific trades. Outright Ban on Individual Stock Trading: Prohibiting members of Congress from trading individual stocks altogether, allowing them only to invest in diversified mutual funds or exchange-traded funds (ETFs). While a complete ban or mandatory blind trusts face political hurdles, incidents like the late Bitcoin disclosure by Rep. Gill provide further ammunition for those arguing that the current rules, particularly the minimal penalties under the STOCK Act , are insufficient to ensure true Congressional transparency and prevent potential conflicts among Crypto lawmakers and others. Conclusion: The Need for Punctuality in Congressional Finance The case of Texas Representative Brandon Gill and his late Bitcoin disclosure serves as a timely reminder of the importance of the STOCK Act and the ongoing need for robust Congressional transparency . While the specific amount of the fine may be small, the principle at stake is significant: maintaining public trust by ensuring lawmakers are open about their financial dealings, especially in areas like cryptocurrency that intersect with their legislative responsibilities. As the world of digital assets continues to grow, the scrutiny on Crypto lawmakers ‘ holdings and disclosures will only intensify. Adhering strictly to the 45-day deadline isn’t just a bureaucratic step; it’s a fundamental requirement for ethical governance and preserving confidence in the institutions that shape our laws. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Brandon Gill’s Late Bitcoin Disclosure Sparks Congressional Transparency Concerns first appeared on BitcoinWorld and is written by Editorial Team
Classover, a Nasdaq-listed firm, has announced a securities purchase agreement to issue up to $500 million in senior secured convertible notes, aimed at establishing a solana ( SOL)-based treasury reserve. Classover Selects Solana for Treasury Reserve Strategy The Nasdaq-listed online educational platform Classover announced June 2 that it has entered into a securities purchase agreement
Sber, Russia’s largest universal bank which is majority-owned by the state, has begun marketing a new class of structured bonds whose payouts are indexed to the US-dollar price of Bitcoin and to movements of the dollar against the ruble, opening an officially regulated on-shore route into the world’s pre-eminent cryptocurrency for qualified Russian investors. Russia Launches Bitcoin Linked Bonds The notes, announced in a 30 May press release, are denominated in rubles and settle entirely inside the domestic clearing and depository infrastructure. Sber told clients the instrument “provides investors with two yield mechanisms: they can earn income from future US-dollar value changes in Bitcoin and from a possible US-dollar strengthening against the ruble,” while requiring neither a crypto wallet nor interaction with “unregulated foreign platforms.” Sber is initially distributing the securities over the counter to a select group of qualified investors but intends to list subsequent tranches on the Moscow Exchange (MOEX) “to ensure transparency, liquidity and convenience for a wide range of qualified investors,” the bank said. It also confirmed that cash-settled Bitcoin futures will appear on its SberInvestments platform on 4 June, the same day MOEX is scheduled to launch its own contract. The debut comes only days after the Bank of Russia relaxed its long-standing opposition to crypto-linked instruments. On 28 May the central bank said that brokers and exchanges may offer non-deliverable derivatives and structured products linked to digital assets to “qualified” market participants, provided no physical cryptocurrency changes hands. Deputy chairman Anatoly Popov framed Sber’s bonds as the first tangible application of the new regime, promising investors “convenient and secure exposure to cryptocurrency assets — without direct ownership of cryptocurrencies, while fully complying with regulatory requirements on Russian infrastructure.” Sber’s decision also reflects the bank’s broader digital-asset strategy. Over the past four years it has built a permissioned blockchain network, experimented with a ruble-pegged “Sbercoin” and integrated MetaMask connectivity, positioning itself as the domestic champion of tokenized finance even as international sanctions curtailed its foreign operations. Structurally, the new bond functions as a synthetic call spread. Coupon payments reference the percentage change in BTC’s dollar price over a preset term, plus any appreciation of the dollar/ruble FX rate, subject to caps spelled out in the offering circular. Because settlement is in rubles via Russia’s National Settlement Depository, investors remain within the local legal perimeter and avoid the custodial and tax complexities of holding spot Bitcoin abroad. Pricing details were not disclosed. The US Falls Behind (But Could Still Win) Market professionals view the product as a watershed. “I don’t think most grok what BitBonds are going to do for Bitcoin,” podcast host Marty Bent wrote on X. “BitBonds create a forward looking duration curve that brings certainty that x amount of bitcoin is off the market for y amount of time.” The launch also triggered geopolitical commentary: “It appears that Russia has just soft-launched BitBonds through Sberbank — while the USA continues to drag its feet,” posted the pseudonymous trader British HODL, while analyst Justin Bechler argued that the instruments give “BRICS sovereigns and institutions instant access to Bitcoin exposure with zero friction.” Bitcoin Magazine CEO David Bailey added, “We need BitBonds in America now. Like now now.” In Washington, the idea of BitBonds exists only in white-paper form . Two months ago the Bitcoin Policy Institute (BPI) published “Bitcoin-Enhanced Treasury Bonds: An Idea Whose Time Has Come,” arguing that the US Treasury should issue up to $2 trillion of so-called BitBonds carrying a 1% coupon. 10% of the proceeds—about $200 billion—would be used to purchase BTC for the newly created Strategic Bitcoin Reserve; the rest would refinance conventional debt. “Over a ten-year period, this represents nominal savings of $700 billion and a present value of $554 billion,” wrote co-authors Andrew Hohns and Matthew Pines, adding that the embedded BTC call option could “defease up to $50 trillion of federal debt by 2045 if historical growth rates persist.” Speaking at BPI’s Bitcoin for America forum in March, Hohns framed the concept as “a win-win-win—lower borrowing costs, a meaningful sovereign Bitcoin reserve, and upside participation for taxpayers.” Yet the proposal remains in limbo. Treasury officials have not commented publicly, and while several pro-Bitcoin lawmakers—including Senators Cynthia Lummis and Bill Hagerty —say they are studying the framework, no enabling legislation has been introduced. Technically, Russia’s product and BPI’s blueprint pursue the same goal—bringing BTC’s upside into regulated bond markets—but by opposite routes. Sber structure is a ruble-denominated note whose coupon is synthetically linked to spot BTC/USD and USD/RUB; settlement is entirely in fiat and cleared through domestic infrastructure. The BPI vision creates a US Treasury security denominated in dollars, paying a below-market coupon but embedding a call option on Bitcoin; 10% of principal would buy—and permanently warehouse—physical BTC. In effect, Sber is offering investors price exposure while the BPI wants the sovereign itself to own coins. At press time, BTC traded at $105,269.
Norwegian Block Exchange (NBX) shares surged over 138% in a single day after the Oslo-based crypto exchange revealed it had begun adding Bitcoin to its treasury. Key Takeaways: NBX stock surged 138% after announcing its first Bitcoin treasury purchase. The exchange plans to use BTC reserves to back a Cardano-based stablecoin and expand crypto lending. Bitcoin is consolidating above $105K, with a potential breakout target near $108K if momentum builds. On June 2, NBX announced the purchase of 6 Bitcoin (BTC), valued at roughly $633,700 at current prices, with plans to increase its holdings to 10 BTC by the end of June. The company said it is also in discussions to raise additional capital to expand its Bitcoin position further. NBX Shares Soar 138.5% After Bitcoin Treasury Move Following the news, NBX shares jumped 138.5%, closing at €0.033 ($0.038), according to Google Finance. Though still far below its all-time high of €0.93 ($1.06), reached in January 2022, the stock’s sharp rally reflects renewed investor appetite for Bitcoin-aligned firms. NBX said its Bitcoin reserves will be used as collateral to issue USDM, a stablecoin on the Cardano blockchain, while generating yield within the Cardano ecosystem. The company added that Bitcoin is becoming “an important part of the global financial infrastructure” and that it aims to leverage the holdings to enhance operational efficiency and attract institutional capital. The firm also plans to offer Bitcoin-backed loans, as part of a broader strategy to establish itself as a leading digital asset bank. NBX is not the first Norwegian company to embrace Bitcoin. In 2021, Norwegian industrial giant Aker ASA launched Seetee, a Bitcoin-focused subsidiary. JUST IN: Norwegian Block Exchange becomes the first publicly traded #Bitcoin treasury company in the country pic.twitter.com/kY9KK2VbFi — Bitcoin Magazine (@BitcoinMagazine) June 2, 2025 Aker holds 1,170 BTC, purchased at an average cost of $50,200, now valued at around $123 million, according to Bitcointreasuries.net. Elsewhere in Norway, crypto brokerage K33 recently raised 60 million Swedish krona ($6.2 million) to acquire Bitcoin for its own balance sheet. Meanwhile, Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, indirectly holds 3,821 BTC through its equity investments. Globally, companies adding Bitcoin to their treasuries have often seen strong stock market reactions. Paris-based Blockchain Group’s stock soared 225% after it began accumulating Bitcoin in November, while Indonesian fintech DigiAsia Corp shares climbed 91% after unveiling a $100 million Bitcoin buying plan. Overall, corporate Bitcoin treasuries now hold more than 3 million BTC, valued at over $342 billion, according to Bitbo data. BTC Consolidates Above $105K as Bulls Eye Breakout Bitcoin is trading steady around $105,300, showing resilience above key support levels after a volatile week. On the 2-hour chart, BTC remains range-bound between $103,800 and $106,300, with Bollinger Bands tightening. RSI at 52.94 suggests a neutral stance, while the MACD is turning slightly bullish, hinting at potential upside momentum. The 30-minute chart paints a similar picture. BTC continues to consolidate between $104,600 and $106,200, with RSI hovering around 51.11 — signaling indecision. MACD remains flat, indicating that neither buyers nor sellers are in control in the short term. Zooming into the 1-minute chart, BTC has recovered from early session lows, climbing steadily back toward $105,360. RSI is currently elevated at 60.29, suggesting slight bullish pressure, while MACD has crossed into positive territory, confirming short-term upward momentum. Overall, BTC’s near-term outlook remains constructive as long as it holds above the $104,600–$105,000 range. A break above $106,300 could open the door toward $108,000. On the downside, losing $104,600 could trigger a retest of $103,000 support. The post Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price? appeared first on Cryptonews .
Bitcoin’s price action remains volatile as it consolidates near the $105,000 mark, with significant attention on the psychological $100,000 support level. Market analysts highlight the potential for a deeper correction
Russia’s Sberbank Launches Bonds Tied to Bitcoin | Ethereum Foundation Lays Off Staff, Refocuses R&D on Core Protocol Challenges | Circle Targets $7.2B Valuation in Expanded IPO as BlackRock, Ark Show Interest
BlackRock has significantly increased its cryptocurrency holdings, depositing a substantial 1,249.68 BTC valued at approximately $131.55 million into Coinbase, according to data from Onchain Lens. Over the last 48 hours,
Metaplanet Inc., a Japanese investment firm, has witnessed an extraordinary 3,853% surge in its stock price since initiating its Bitcoin accumulation strategy in April 2024. This remarkable growth underscores the
Summary MicroStrategy's aggressive bitcoin accumulation, now over 580,000 BTC, transforms it into a leveraged, regulated ETF on digital scarcity with significant upside potential. Subscription software revenue is accelerating, driven by AI integration, supporting a dual-engine growth model of software and bitcoin appreciation. Capital-raising prowess enables ongoing bitcoin purchases, with dilution risks mitigated as long as bitcoin per share outpaces share growth. Despite headline valuation multiples, I see MSTR as undervalued for investors bullish on bitcoin and AI, with 50% upside over the cycle. Introduction MicroStrategy ( MSTR ) has spent the past four years transforming itself from a midsized business-intelligence vendor into the world's largest publicly traded holder of bitcoin, and its first-quarter 2025 results show that the pivot is accelerating rather than stalling. During the quarter the company added 301,335 coins, lifting total holdings to 553,555 BTC and then, in early June, to 580,955 BTC at an average purchase price of roughly $70,000 per coin . At a spot price hovering near $105,000, that trove is worth about $61 billion, dwarfing MicroStrategy's legacy software revenue base and anchoring a balance sheet that now looks more like a sovereign wealth fund than a traditional tech company. Yet, the software engine that once defined MicroStrategy still matters. Subscription services revenue jumped 62% year over year to $37 million even as total revenue slipped 3.6% to $111 million, indicating that the shift to cloud analytics is gaining traction in spite of headline volatility tied to digital-asset accounting. Management is plainly leaning into the model: a new $21 billion at-the-market equity program and $7.7 billion of gross capital raised in Q1 provide the financial firepower to keep buying bitcoin while incrementally funding R&D that embeds AI functionality into the firm's analytics suite. Thesis AI is ushering in an age of digital abundance, driving down the marginal cost of knowledge work and tempting central banks to monetize faster productivity by expanding the money supply. As real yields compress, investors are seeking scarce, hard-coded stores of value. Bitcoin, with its fixed 21 million-coin cap, stands out as the only digital asset offering built-in monetary discipline. Against that backdrop, MicroStrategy's decision to convert cash flows, balance-sheet liquidity and even fresh capital raises into bitcoin is radical but coherent: the company is effectively a leveraged, regulated ETF on a deflationary reserve asset, wrapped inside a still-profitable software vendor. The strategy gives shareholders two engines of compounding of organic software growth and externally financed bitcoin appreciation, each reinforcing the other in a world where AI lifts GDP but erodes the purchasing power of fiat savings. Strategy Bitcoin as Treasury Alpha MicroStrategy now controls approximately 2.8% of all bitcoin that will ever exist, compared with 0.9% just two years ago. Because the company capitalizes these purchases primarily through equity and convertible-debt issuance, the effective cost of carrying the position is the discount between its share price and intrinsic bitcoin value. With BTC at $105,000, MicroStrategy's $101.8 billion market capitalization trades at a roughly 1.7x multiple of coin value, which is far below the 8x EV/revenue multiples that cloud-software peers command. This implies that investors are paying a modest premium for the embedded analytics franchise and future coin accretion. Equally important, MicroStrategy's proprietary "BTC Yield" metric (bitcoin earned through active treasury management such as futures basis trades) reached 13.7% year-to-date, prompting management to lift its 2025 target to 25%. In effect, the company is monetizing financial expertise to compound holdings faster than simple buy-and-hold investors, creating a positive feedback loop: the more coins it owns, the more optionality it has to generate incremental yield without risking principal. Strategy Software Resilience in an AI-First Era While bitcoin dominates headlines, the core analytics platform is quietly re-accelerating. Subscription services revenue rose to $37.1 million, accounting for a record 33% of total sales, as enterprises adopt cloud-native versions of the MicroStrategy One platform to embed generative AI into dashboards and mobile workflows. Management highlighted new AI governance modules allowing customers to watermark LLM outputs and audit data lineage, differentiating the product in a crowded BI field now chasing ChatGPT-style features. Gross margin slipped to 69% from 74% a year ago as the firm scaled cloud infrastructure and absorbed higher AI inference costs, yet remains comfortably above the 60% level typical of BI peers. That elasticity suggests room for margin expansion once AI features mature and pricing tiers adjust. Even after the bitcoin pivot, R&D intensity stayed near 18% of revenue, underscoring a commitment to product relevance that supports the bullish case of "software plus scarce asset" rather than "bitcoin shell." Capital Markets Execution Access to deep capital pools is the flywheel powering MicroStrategy's accumulation strategy. The company raised $4.4 billion via common-stock issuance in Q1 and a further $2.2 billion in April, bringing total net proceeds since January to $7.7 billion. The newly filed $21 billion ATM ensures that every rally in the share price can be opportunistically tapped for fresh bitcoin dry powder, effectively turning equity volatility into treasury alpha. Critics argue that dilution erodes per-share value, but so long as the incremental coins purchased with each dollar of issuance outpace share growth, existing holders capture net bitcoin per share. Q1 data confirm the math: shares outstanding rose 49% year over year, yet bitcoin holdings jumped 119% over the same period, lifting coin-per-share by roughly 47% . Few corporate-finance strategies deliver that kind of asymmetric scaling. Strategy Financials Total Q1 revenue declined 3.6% to $111.1 million as legacy product support continued its predictable slide, but subscription growth more than offset license softness, keeping software ARR flat sequentially. Gross profit of $77.1 million produced a 69% margin, down 460 basis points from last year, primarily on cloud transition expenses rather than competitive pricing pressure. On the balance sheet, cash rose to $60.3 million from $38.1 million at year-end thanks to equity sales, while free cash flow was a manageable negative $11.1 million given heavy AI R&D spend. Enterprise value sits near $110 billion against trailing-twelve-month EBITDA of -$7.6 billion, rendering EV/EBITDA optically meaningless; however, strip out non-cash digital-asset valuation swings and core software EBITDA remains positive, suggesting that traditional multiples understate operating optionality. Guidance is qualitative but aggressive: management expects "BTC Yield" to reach 25% and "BTC $ Gain" to hit $15 billion by year-end if macro liquidity stays supportive. Even if subscription revenue merely grows in mid-single digits, the embedded leverage to bitcoin price could drive book-value expansion far exceeding software peers' growth rates. Risks Bitcoin's price path remains the single largest swing factor. A steep drawdown, like a 50% retracement toward $50,000, would inflict mark-to-market losses approaching $30 billion and amplify the GAAP net-loss optics that already spooked investors this quarter. Although new FASB fair-value rules allow upward revaluation in bull markets, they also force quarterly impairments in bear cycles, potentially pressuring sentiment even if cash flow stays intact. Dilution is a second-order concern. If the share price underperforms bitcoin for an extended period, raising equity to buy coins could actually decrease bitcoin per share, reversing the current virtuous cycle. The firm must therefore maintain precise timing discipline in its ATM program. Regulatory headwinds also loom: the SEC's evolving stance on spot-bitcoin ETFs and corporate crypto disclosures could impose higher compliance costs or limit future capital raises. Finally, software execution cannot be ignored. Should the analytics platform fail to keep pace with AI-native competitors, the non-bitcoin segment could slip into structural decline, depriving MicroStrategy of an operating hedge against crypto volatility. Conclusion At roughly $372 per share, MicroStrategy trades at 1.7x the market value of its 581 thousand bitcoins, meaning investors are paying about $40 billion for a cash-generating BI franchise, active treasury yield, and a management team that has repeatedly demonstrated capital-markets agility. Traditional valuation lenses paint a premium picture: EV/revenue of 258x dwarfs Coinbase's 8.2x and Riot Platforms' 7.1x. Price/sales shows a similar gap, while P/E is not meaningful given bitcoin-driven accounting losses. Yet, the comparison is incomplete because neither peer owns an asset base whose dollar value alone covers a majority of enterprise value. If bitcoin merely matches the post-halving trajectories of prior cycles and reaches $150,000 within two years, MicroStrategy's holdings would be worth $87 billion, enough to cover the current market cap even before further accumulation or software cash flows are considered. In that scenario, the equity would offer embedded optionality on both BTC upside and a potential re-rating of the subscription business toward the 10-12x sales typical of AI-enabled analytics vendors. Given the asymmetric payoff profile, MicroStrategy looks undervalued on a sum-of-parts basis despite headline multiples. For investors who accept bitcoin's long-term scarcity thesis and see AI-induced monetary expansion as a tailwind rather than a threat, owning MSTR provides operational leverage to both trends. I remain bullish and expect the shares to outperform pure-play miners and exchanges over a full bitcoin cycle, with 50% upside possible if management continues to grow bitcoin per share faster than share count while nurturing subscription growth above 10% annually.
The post Pakistan Makes Another Big Move: New Draft on Crypto Regulation appeared first on Coinpedia Fintech News Pakistan is taking a big leap toward regulating the crypto space—despite cryptocurrency still being illegal in the country. On June 2, the Pakistan Crypto Council (PCC) held a high-level meeting in Islamabad to draft a regulatory framework for digital and virtual assets, marking a major shift in the nation’s crypto policy direction. Crypto Regulation Draft Underway in Pakistan The meeting was chaired by Finance and Revenue Minister Senator Muhammad Aurangzeb. Key stakeholders, including the Governor of the State Bank of Pakistan (SBP) , SECP Chairperson , and law and IT ministry officials , joined to outline a path forward for digital assets. The goal? To create a secure, transparent, and innovation-friendly crypto ecosystem that also addresses investor protection and financial inclusion. “Members of the Council provided valuable input to ensure a secure, transparent, and innovation-friendly regulatory environment, with the goal of promoting responsible blockchain adoption, safeguarding investors, and advancing financial inclusion,” stated the finance division . What the Crypto Draft Aims to Solve The regulatory draft aims to: Formalize the crypto sector , currently operating in a legal grey area Establish clear licensing rules and compliance mechanisms Protect retail investors from fraud and manipulation Encourage financial innovation through responsible blockchain adoption Build a future-ready digital financial infrastructure These measures are expected to bring digital assets into Pakistan’s financial mainstream while aligning with international best practices. Key Players in the Discussion The meeting included major government and regulatory leaders: Bilal Bin Saqib , Minister of State and Special Assistant to the Prime Minister on Blockchain & Crypto, and CEO of PCC Governor of SBP (attending remotely) Chairperson of SECP Secretaries from Law and IT Ministries Their collective insights will guide the shaping of a crypto policy that supports innovation while keeping compliance and consumer protection front and center. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Pakistan Makes Another Big Move: New Draft on Crypto Regulation , Legal Status of Crypto in Pakistan: Still Banned Despite the progressive regulatory talks, crypto remains officially banned in Pakistan. On May 30 , the National Assembly’s Standing Committee on Finance reaffirmed the ban, classifying all crypto activity as illegal. The State Bank of Pakistan (SBP) still prohibits banks, DFIs, electronic money institutions, and payment providers from engaging in any crypto-related activity. Moreover, any entity involved in crypto transactions is subject to potential investigation by the Federal Investigation Agency (FIA) . Looking Ahead: A Future-Ready Financial System Pakistan’s Finance Minister praised the discussions and emphasized the need for a modern financial framework that can support emerging technologies like blockchain.While crypto remains outlawed for now, the new draft signals that Pakistan is preparing for a regulated digital future , potentially opening doors to legal crypto adoption down the road. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'd0cbb3eb48', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });