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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.

The Berachain ecological liquidity staking protocol Infrared has completed a $14 million Series A financing, led by Framework Ventures

ChainCatcher news, according to CoinDesk, the Berachain ecosystem liquidity staking protocol Infrared has completed a $14 million Series A funding round led by Framework Ventures. Combined with the previous $2.25 million strategic round led by Binance Labs and $2.5 million seed round, Infrared's total funding has reached $18.75 million.Infrared will provide liquidity staking solutions for Berachain's native tokens BGT and BERA. Users who stake the native tokens to earn validator rewards will receive the liquidity staking token iBERA, which can generate additional yields in other DeFi protocols. In addition, Infrared has also become the first project supported by the Berachain Foundation incubator "Build a Bera," which announced in January this year that it was seeking collaborative startup projects.Michael Anderson, co-founder of Framework Ventures, stated, "We believe that Infrared's protocol will unlock a significant amount of productive capital within the broader Berachain ecosystem while maximizing efficiency and returns. This will enable developers on the Berachain framework to innovate in new ways."According to the Web3 asset data platform RootData, Infrared Finance is an application based on Berachain's liquidity proof consensus mechanism. The application redesigns liquidity staking in the context of a three-token architecture and the unique soul-binding element of BGT. The protocol maximizes value for stakeholders through its infrastructure-level PoL treasury and iBGT liquidity staking derivatives, leveraging the social aggregation of BGT.
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