Pakistan Launches Crypto Investigation Unit to Fight Money Laundering
Decrypt·
60-second summary
Pakistan is establishing a crypto investigation unit to combat money laundering, a key step in its regulatory push. The unit will focus on enforcing anti-money laundering laws and regulations in the crypto space. Islamabad is licensing crypto exchanges, marking a significant shift towards formalization. This move aims to curb illicit activities and bring legitimacy to the industry.
Islamabad is building the enforcement side of its crypto push, standing up a unit to police money laundering even as it licenses exchanges.