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Inside Today’s Crypto Market: What Went Down in the Crypto Market?

• The crypto space has witnessed a plethora of news within the last few hours that has shaped the general crypto market, affected individual nations’ policies, and even affected tokens’ prices.
• Pakistan finally gave internationally recognized crypto exchanges and companies the ability to file for licenses under its new federal regulation.
• In that same light, the UAE has also set up a workshop in conjunction with other major sectors in the country to help reduce and possibly end crypto-related crimes in the UAE.

Within the last 24 hours, there have been a number of news, announcements, and new developments in the crypto space. At Tronweekly, we are committed to bringing the latest news and recent happenings in the crypto space. To that end, we’ve put together a number of all the major things that happened in the crypto space in the last 24 hours.

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What Happened in the Crypto Market Today?

UAE Commitment to Tackling Crypto Crimes

The United Arab Emirates has partnered with a global law enforcement and security expert, and together, they have created a workshop organized by the Secure Communities Forum at Mastercard to tackle crypto-related crimes.

The event gathered different representatives from international bodies, police forces, and even tech companies to exchange strategies for tracking fraud, reducing money laundering, and monitoring dark web activity.

Through the rigorous training sessions and closer collaboration with exchanges and analytics firms, the initiative has plans to improve investigations, strengthen cross-border cooperation, and address emerging risks in the growing digital asset space.

Pakistan Has Opened Its Door To International Crypto Companies

According to a report shared by the local news a few hours ago, Pakistan has finally invited top global crypto companies to apply for licenses under its new federal framework.

The news was shared by the Pakistan Virtual Asset Regulatory Authority (PVARA), and it stated that exchanges that are interested in providing their services to Pakistan citizens can submit their Expressions of Interest to enter the country’s digital asset market.

The PVARA’s chair, Bilal bin Saqib, emphasized the goal of doing this is to create a transparent and inclusive financial system, especially for the evolving crypto market. The details also confirm that only firms already licensed by recognized regulators in regions such as the US, UK, EU, UAE, and Singapore are eligible to apply.

UAE Family Bullish On Pudgy Penguins

According to a report shared by Tronweekly, a royal family in the United Arab Emirates has plans to purchase about $100 million worth of Pudgy Penguins.

Also Read: Pudgy Penguins (PENGU) Attract UAE Royal Family Investment Amid Breakout Hopes

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