#加密货币监管趋势 Seeing this news, I can't help but think that Pakistan's move is quite wise. Instead of resisting outright, it's better to proactively embrace change and establish a reasonable framework. This tiered licensing system is worth paying attention to and could serve as a model for other emerging markets. However, as a follow-the-leader trader, I am more concerned about its impact on market sentiment. If implemented properly, it might attract more institutional funds and improve overall liquidity. But for now, I remain cautious and will wait to see the specific policy details before making any judgments. After all, regulatory policies are often a double-edged sword—they can stabilize the market but also stifle innovation. The key is to find a balance.