š§Ā Crypto Regulation Pulse: Pakistan & FATF
šµš°Ā Pakistan Steps Into the Crypto Arena
Pakistan just launched aĀ National Crypto CouncilĀ under its Ministry of Finance. Members include Binance (with CZ as external advisor), and local fintech/blockchain players.
Key moves:
ā šµš° BTC Reserve (national digital sovereignty plan)
ā ā” 2 GW for Web3 infrastructure (AI, mining, data centers)
ā š¼ Crypto Hub: A special economic zone modeled after DMCC Dubai
š£Ā Message to Emerging Markets: Crypto can beĀ infrastructure, not just risk.
šĀ Meanwhile, the FATF Tightens the Screws
š§¾Ā June 2025 Update: New Travel Rule guidelines now require:
ā Sender & receiver info (name, address, ID) for crypto transfers > $1K
ā Self-custody wallets must comply if interacting with CEXs
ā Penalties include gray-listing jurisdictions
š§©Ā Impact:
ā Privacy protocols may clash with compliance
ā Countries vary: šøš¬/š¦šŖ more flexible than šŗšø/šŖšŗ
ā DEX UIs & bridges likely to face pressure
šļøĀ Winners:
ā Regulated exchanges (Coinbase, Bitstamp)
ā Institutional players waiting on clarity
šÆĀ Bottom Line:
Pakistan is going full steam on crypto infrastructure, while FATF pushes compliance rails globally.
Projects must now choose:
š Build compliance in ā or go full-onchain & permissionless.