A legal commentary by a crypto lawyer analyzing Pakistan’s new crypto regulations, their impact on investors and exchanges, and how emerging AML and regulatory frameworks offer renewed hope for victims of cryptocurrency scams.
The U.S. enforcement action against Binance Holdings Ltd. and its founder Changpeng Zhao (CZ) represents a watershed moment in global cryptocurrency regulation. Between 2023 and 2024, U.S. authorities brought unprecedented charges against the world’s largest crypto exchange for anti-money laundering (AML) violations and operating an unlicensed exchange, fundamentally reshaping expectations for crypto compliance worldwide.
