COCO PAY presents a roundup of the most significant web3 news from the past week. Don’t miss out!
- Pakistan is considering using surplus electricity for Bitcoin mining. The initiative was proposed by Bilal Bin Saqib, head of Pakistan’s Cryptocurrency Council, during the council’s first meeting held on March 21, 2025.
- U.S. authorities plan to return $7 million to victims of fraudulent crypto projects. Scammers lured users with promises of high returns, redirected them to fake platforms, and then demanded “tax” payments when users tried to withdraw their funds.
- Instagram has introduced a new feature called “Write with Meta AI,” allowing users to automatically generate comments using artificial intelligence.
- The Oklahoma House of Representatives has passed bill HB 1203 in its third reading, proposing the creation of a state Bitcoin reserve funded by 10% of state assets.
- Brazil’s data protection agency has confirmed a ban on crypto rewards in the World ID project, citing risks to user privacy.
- Acting SEC Chair Mark Uyeda has opposed filing a lawsuit against Elon Musk.
- South Korea’s Financial Intelligence Unit (FIU) has blocked 17 foreign crypto exchange apps on Google Play, including KuCoin, MEXC, Phemex, XT, CoinEx, BitMart, and Poloniex.
- The U.S. Senate has repealed a rule that required decentralized finance (DeFi) platforms to collect and report user data to tax authorities.
- Nigeria’s Minister of Information, Alhaji Mohammed Idris, stated that the Binance crypto exchange has been used by terrorists and kidnappers to launder money.
More news coming soon. COCO PAY—always keeping you informed!
