The idea of integrating crypto mining into Pakistan’s energy framework has gained traction following a recent meeting between Power Minister Awais Leghari and Bilal Bin Saqib, CEO of the newly formed Pakistan Crypto Council (PCC).
With the latest authorization, HashKey Capital can market and distribute investment funds and structured products, including those tied to virtual assets.
While the agency is stepping back from its appeal, Ripple has not yet agreed to withdraw its own challenge. The company continues to contest the $125 million fine imposed by the court and the ongoing injunction that restricts it from selling XRP to institutional investors without registering those transactions as securities.
She acknowledged that the last few years have been tumultuous for the industry, with enforcement actions often taking precedence over clear regulatory frameworks. Now, she hopes to provide more definitive guidance and work toward distinguishing which aspects of crypto regulation fall under the SEC’s jurisdiction.
Since establishing its Middle East headquarters in DIFC in 2020, Ripple has been expanding its footprint in the region. Currently, around 20% of its global customer base operates in the Middle East, a region noted for its high institutional readiness for crypto adoption.
