COCO PAY brings you the hottest web3 updates of the past week. Don’t miss it!  

— 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 on March 21, 2025.  

— US authorities plan to return $7 million to victims of fraudulent crypto projects. Scammers promised high returns, redirected users to fake platforms, and demanded “tax payments” for withdrawals.  

— Instagram launched a new feature “Write with Meta AI,” allowing users to auto-generate comments with artificial intelligence.  

— The Oklahoma House of Representatives approved 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 confirmed a ban on crypto payments in the World ID project, citing privacy concerns.  

— Acting SEC Chair Mark Uyeda opposed filing a lawsuit against Elon Musk.  

— South Korea’s Financial Intelligence Unit (FIU) blocked 17 foreign crypto platform apps on Google Play, including KuCoin, MEXC, Phemex, XT, CoinEx, BitMart, and Poloniex.  

— The US Senate repealed the requirement forcing DeFi platforms to collect and share user data with tax authorities.  

— Nigeria’s Minister of Information, Alhaji Mohammed Idris, stated that Binance was used by terrorists and kidnappers to launder money.  

More updates soon. COCO PAY — always keeping you informed!