Pakistan has enacted a sweeping cryptocurrency law aimed at regulating the country’s rapidly growing digital asset sector. The newly approved Virtual Assets Act establishes a comprehensive regulatory framework and introduces strict criminal penalties for operating crypto services without a license. Under the legislation, individuals or companies running unlicensed crypto businesses could face up to five...

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Singapore-based fintech firm MetaComp has secured $35 million in new funding across two recent investment rounds, with participation from Chinese technology giant Alibaba Group. The capital will support the company’s efforts to expand regulated stablecoin infrastructure and tokenized real-world asset (RWA) services across Asia. The funding was disclosed in a company announcement confirming the completion of a Pre-A+ funding round, bringing...