The last few months have exponentially increased societal, investor, and policy interest in the crypto, blockchain, and Web 3.0 technologies, increasingly referred to as Web3. Cryptoasset price volatility and the promise of exponential returns is a primary driver of interest, and a dramatic surge in cryptoasset investors is in turn forcing regulators to take notice of developments in this ecosystem. Pakistan ranks third in terms of crypto adoption in the Chainalysis 2021 Global Crypto Adoption Index; we estimate that Pakistan has more cryptoasset than public equity investors.