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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [ 3 ] [ 4 ] It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC).
Tron (stylized as TRON) is a decentralized, proof-of-stake blockchain with smart contract functionality. The cryptocurrency native to the blockchain is known as Tronix (TRX). It was founded in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year.
The Computerized National Identity Card (CNIC), a crucial document issued by Pakistan’s National Database and Registration Authority (NADRA), serves as a verifiable proof of citizenship. Intriguingly, the CNIC is not just a random string of numbers; each of the 13 digits plays a unique role in providing information about the cardholder.
On March 29, 2021, Visa announced its support for USDC, enabling the cryptocurrency to be used for selling transactions within its payment network. [ 10 ] In July 2022, Circle reported that the circulation of USDC had reached $55 billion.
The CNIC database is accessed by 300 public and private service providers, but multiple data breaches indicate inadequate security. [15] In March 2024, it emerged that the sensitive personal data of approximately 2.7 million Pakistanis had been compromised from NADRA's database, notably from the Multan , Karachi , and Peshawar offices.
TPS Pakistan's two founders, Mohammad Sohail and Mubashir Rahim, completed their higher education in engineering in the United States. After gaining experience at NCR Corporation , a software and electronics company specialised in computer servers and ATMs, [ 1 ] they returned to Pakistan in the early 1990s.
Pakistan Mobile Number Portability Database (Guarantee) Limited (PMD) was incorporated in 2005 under the Companies Ordinance, 1984 after the launch of MNP in Pakistan pursuant to the ‘Mobile Number Portability Regulations, 2005’ under S.R.O 763 (2005). Pakistan is the first country in South Asia to implement Mobile Number Portability. [3]