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The Khyber Pakhtunkhwa assembly called on Pakistan's federal government to legalize cryptocurrencies. A court hearing on a separate crypto request will be held on Dec In November, the federal government asked for input regarding crypto trading.
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Coin burn in cryptocurrencies means sending some of the coins of native cryptocurrency or some other currency to a public address from which those particular coins can never be spent because the private keys of such an address are unobtainable. This public address should be available on the blockchain for anyone to review such a transaction.
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The FSB has provided the G20 nations with a set of 10 high-level recommendations for the regulation of stablecoins, including Libra, the cryptocurrency proposed . Countries that will not respect these rules or refuse to adopt the recommendations are at risk to be blacklisted and eventually cut off from important global trades and from investment.
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According to reports, Chinas central bank will launch a government-backed cryptocurrency in November of this year.