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Pakistan plans to create a legal framework for cryptocurrency trading to attract international investment

ChainCatcher news, according to Bloomberg, the CEO of the Pakistan Crypto Council, Bilal bin Saqib, stated in an interview that the country aims to establish a clear regulatory framework to manage digital asset activities to promote the development of the local ecosystem.Saqib said, "Pakistan will no longer stand by; we want to attract international investment because Pakistan is a low-cost, high-growth market, with 60% of the population under 30 years old. We have a local workforce ready to build Web3." Saqib pointed out that he hopes to make Pakistan the cryptocurrency capital of South Asia, competing with Dubai, Singapore, and Hong Kong for leadership in the blockchain space.This legalization plan was proposed after Saqib was appointed as the chief advisor for digital asset management to the finance minister earlier this month. He will also provide advice on exploring the use of artificial intelligence to improve government efficiency, optimize decision-making processes, and drive innovation in public sector operations. Saqib said, "Trump is making cryptocurrency a national priority, and every country, including Pakistan, will have to follow suit."According to Chainalysis data, Pakistan ranks ninth globally in cryptocurrency adoption rates. Saqib mentioned in the interview that there are approximately 15 to 20 million cryptocurrency users in Pakistan.

Slow Fog Cosine: Using wallet whitelist mechanisms and combining hardware wallets for dual verification can resist "transaction record pollution attacks."

ChainCatcher message, Slow Mist's Yu Xian disclosed that the phishing technique of poisoning addresses with similar starting and ending numbers is still widespread, severely impacting the security infrastructure of the blockchain industry.Yu Xian pointed out that this type of poisoning targeting wallet transaction history mainly involves various techniques, including fake token contract codes emitting false event logs to deceive block explorers and wallets, as well as using zero-amount transfer event logs to arbitrarily fill in addresses in the from/to fields. These techniques can mislead users into believing that the transactions are from their own actions. Other common techniques include sending small amounts of funds from source addresses with the same starting and ending characters, combining clipboard hijacking technology, and impersonating well-known decentralized exchanges to output false event logs.Yu Xian recommends that users make good use of wallet whitelisting mechanisms, carefully verify complete addresses, and combine well-known hardware wallets for dual verification as defensive measures.Previously reported, two addresses suffered "transaction history pollution attacks" in the past 14 hours, resulting in a total loss of over $140,000.
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