Pakistan, Feb. 28 -- The promise is mammoth but on the flip side it has all the ingredients to be a monster, a conduit for money laundering, terrorist financing and other financial crimes. In regions where there's no regulation or lax enforcement, digital currencies are still operating but in gray areas, raising the pressing question of accountability Can we find a way to grow and not let the system fall in the hands of criminals?

This duality is much more obvious in developing nations, where cryptocurrency brings opportunity and threat. It virtually connects people to global markets, bypassing the controlled environment established by traditional banking. For over 30% of the people in Nigeria, crypto has actually been a lifeline. For su...