LAHORE: Lahore University of Management Sciences (LUMS) has anchored investments exceeding Rs670 million in crypto tokens to design Pakistan’s first-ever academic programme for blockchain, distributed ledger technology (DLT), and associated platforms, according to a news release by the varsity. The news was also confirmed by an alumnus and founder of Stacks, Muneeb Ali, on Twitter. We’ve made a $2.5M worth of cryptocurrency donation to enable a Bitcoin and crypto internet research center in South Asia at LUMS. (The LUMS news release says $4.1M this is because the the value of the cryptocurrency has already appreciated since the grant.) Stacks Pakistan is laying the foundations for this change and will immensely benefit Pakistan.”

Source: Pakistan Today February 23, 2021 07:41 UTC