#CryptoRegulation 🇵🇰 Pakistan: Crypto Council Launched
Pakistan has established the Pakistan Crypto Council (PCC), a government-backed initiative to oversee and promote blockchain technology and digital assets within the country. The council is led by Finance Minister Muhammad Aurangzeb, with Binance co-founder Changpeng Zhao appointed as a strategic adviser. The PCC aims to develop regulations and promote blockchain technology and digital assets in Pakistan.
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🌐 Global Enforcement & Ethics Watch
The internet's largest black market, Haowang Guarantee, has shut down following Telegram’s crackdown on illicit accounts. Operating primarily in Chinese and through the Telegram messaging platform, Haowang facilitated over $27 billion in transactions, offering money laundering, scamming tools, stolen data, and human trafficking services.
In the U.S., former Trump administration commerce secretary Howard Lutnick is under scrutiny for his ties to cryptocurrency firm Tether and its operations in El Salvador. Cantor Fitzgerald, where Lutnick served as CEO, holds a 5% stake in Tether and manages most of its $134 billion in assets. These extensive financial and political ties have drawn attention from ethics watchdogs and regulators concerned about conflicts of interest and transparency.
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📊 Market Snapshot (as of May 15, 2025)
Asset Price (USD) 24h Change
BTC $102,514 -1.18%
ETH $2,577 -3.31%
BNB $648.93 -2.04%
XRP $2.51 -3.09%
ADA $0.786 -4.95%