Pakistan’s Crypto Regulator Fights to Save Asset-Backed Tokens from a Total Ban

Pakistani regulator is pushing for a nuanced religious stance on digital currencies after an influential seminary’s ruling threatened to stall the country’s ambitious digital asset plans. Internal Debates Over Shariah Compliance Pakistan’s virtual assets regulator has asked the country’s most influential Islamic seminary to clarify the difference between speculative cryptocurrencies and asset-backed digital tokens, after … Read more

Bitpay Wins MiCA Approval as Europe Builds a Unified Crypto Payment Market

Bitpay has secured authorization under the European Union’s Markets in Crypto-Assets Regulation, giving its Dutch subsidiary a regulatory base to expand cryptocurrency and stablecoin payment services across the bloc. The Dutch Authority for the Financial Markets authorized Bitpay B.V. as a crypto-asset service provider, or CASP, the company announced Thursday. The approval covers regulated cryptocurrency … Read more

US Lawmakers Propose Facial Age Verification Across Online Betting Markets

A bipartisan group of U.S. lawmakers wants online sportsbooks and prediction markets to scan users’ faces to estimate their age before allowing them to bet or trade. The proposal promises not to retain identities or biometric information, but its full text has not yet been published, leaving enforcement, accuracy and appeal requirements unclear. Proposal calls … Read more

France’s World Cup Exit Erases Sportsbook Liability as Prediction Volume Surges

France’s 2-0 semifinal defeat to Spain eliminated one of the most heavily backed teams on U.S. sportsbooks, wiping out major outright and player-prop liabilities. The result also closed France’s positions across multibillion-dollar World Cup prediction markets, although exchanges do not profit from an upset in the same way as traditional bookmakers. Prediction markets logged billions … Read more

Blackrock Ignites Crypto ETF Comeback as Bitcoin, Ether Flows Turn Green

Crypto ETF flows stayed constructive on Wednesday, July 15, as bitcoin ETFs added $107.80 million and ether ETFs brought in $53.83 million, with no outflows recorded across either group. HYPE ETFs Add $2.1 Million as ETF Flows Turn Positive The recovery in crypto ETFs did not arrive with fireworks. It arrived with consistency. For a … Read more

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