Seven suspects, including a Counter-Terrorism Department officer, have been arrested for allegedly kidnapping Karachi-based crypto trader Mohammed Arsalan and extorting $340,000 in cryptocurrency before his release on December 25.
The Pakistani government is proposing significant amendments to the State Bank of Pakistan Act to legalize digital currencies, allowing the central bank to issue and regulate them while enabling dual nationals to hold senior positions within the bank.
A 16-year-old from East London is accused of fundraising for Al Qaeda using cryptocurrency, allegedly raising about $1,300 while offering his cybersecurity skills to extremist groups, prompting serious legal repercussions and restrictions.
Get dialed in every Tuesday & Friday with quick updates on the world of crypto