On Monday, Binance’s billionaire founder, Changpeng Zhao, was officially appointed as a strategic adviser to the Pakistan Crypto Council (PCC), according to a recent press release from the finance division. This landmark decision comes as Pakistan aims to regulate and integrate blockchain technology and digital assets into its economic framework.
The Role of the Pakistan Crypto Council
The Pakistan Crypto Council was launched last month as part of an initiative to adopt and promote emerging digital currencies within the country. The finance ministry, after a meeting on February 25 with finance minister Muhammad Aurangzeb and a foreign delegation, indicated plans for establishing a national crypto council. In March, entrepreneur Bilal Bin Saqib was appointed as the chief adviser to further bolster these efforts.
Impact of Zhao’s Involvement
With Zhao joining as a strategic adviser, the PCC aims to reshape the global crypto landscape. During his meet-up with key government stakeholders, both Aurangzeb and PCC CEO Saqib highlighted the significance of this “groundbreaking move.” They emphasized that Zhao’s experience with the world’s largest crypto exchange would be invaluable as they work to develop a compliant and inclusive crypto ecosystem in Pakistan. Zhao noted the immense potential in a country with 240 million people, particularly among its youth.
The announcement of Zhao’s strategic role sends a clear signal to the world: Pakistan is poised for innovation and is rapidly accelerating its vision of becoming a regional powerhouse in web3 and blockchain-driven growth.
