Sri Lanka Advances Next-Generation Cloud Infrastructure for Digital Identity and Data Governance

Sri Lanka is developing a hybrid cloud infrastructure combining local sovereign and global public cloud services to support its digital identity program and broader data governance. The National Data Exchange and digital credentialing systems complement this infrastructure as the country targets rapid digital economic growth driven by AI and cloud technologies.

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Pakistan Establishes Virtual Assets Regulatory Authority to Oversee Digital Assets Ecosystem

Pakistan has taken a major step in regulating its digital assets ecosystem by establishing the Pakistan Virtual Assets Regulatory Authority (PVARA). This new independent body will license and oversee virtual asset providers, enforce AML protocols, and align with global standards. The move reflects Pakistan’s ambitions to become a South Asian digital assets hub following recent crypto policy developments.

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Algerian Government Accelerates Strategic Projects: Gara Djebilet Mining, Digital Connectivity, and Summer Transport Prioritized

Algeria’s government convened to accelerate flagship projects including Gara Djebilet mining and railway, digital infrastructure expansion, university service improvements, and enhanced summer transport logistics, reflecting strategic goals for industrial sovereignty, digital transformation, and citizen well-being.

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Bahrain’s Central Bank Introduces Comprehensive Stablecoin Regulations with 1:1 Reserve Requirement

Bahrain’s Central Bank has introduced a comprehensive stablecoin regulatory framework mandating licensed issuance, full fiat backing with a 1:1 reserve ratio, and robust governance measures. The rules aim to ensure legal clarity, consumer protection, and financial stability, reinforcing Bahrain’s leadership in regulated digital assets and fintech innovation.

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