LAHORE: Punjab Senior Minister Marriyum Aurangzeb said on Sunday that the provincial government has decided to take legal action against those involved in a “malicious campaign” targeting it over the use of an official jet. Last month, Punjab Chief Minister Maryam Nawaz faced severe criticism from the opposition and some journalists regarding the government’s purchase of the aircraft. The Gulfstream 19-seater jet is estimated to be worth between $38 million and $42m (over Rs10bn) and was acquired for the CM’s use. More recently, there have been claims and speculation on social media about Maryam’s son, Junaid Safdar, using the jet to travel to Europe for his honeymoon. In a post on X, the senior minister took note of a “deliberate malicious campaign of lies and fabricated stories about the use of the official plane of the Punjab government”, which she said was being run by “known pathological liars and peddlers of fake news”. The minister shared that the government had decided to take legal action against “ev...
The legislation assumes that all crypto activity must pass through financial intermediaries licensed by the US government, warns Gnosis co-founder. The regulatory provisions outlined in the US Digital Asset Market Structure Clarity Act, otherwise known as the CLARITY Act, threaten to give large financial institutions control over crypto, according to Dr. Friederike Ernst, co-founder of the Gnosis blockchain protocol. Regulations in the CLARITY crypto market structure bill assume that activity must pass through centralized intermediaries, which risks consolidating crypto rails in the hands of a few entrenched players, Ernst told Cointelegraph. “Blockchain’s real breakthrough was not just a new financial infrastructure. It was the ability for users themselves to become owners of the networks they rely on," she said. Ernst added: Read more