Pakistan Welcomed CZ as Strategic Crypto Advisor

In a shocking and strategic move, Pakistan has welcomed Binance’s CEO Changpeng Zhao, or CZ, as its Strategic Crypto Advisor. This is a testament to the nation’s increasing fascination with crypto adoption and its necessity to establish a solid regulatory framework for digital assets. Whereas nations such as Singapore and Dubai have already established their foray into the Web3 arena, Pakistan is now among the countries gearing up to adopt crypto and blockchain technology.

CZ Joins the Pakistan Crypto Council (PCC)

On Monday, CZ’s appointment was formally announced at a high-level meeting summoned by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The highest government authorities present were the Chairman of the Securities and Exchange Commission of Pakistan, the Governor of, State Bank of Pakistan, and the Federal Secretaries for Law and IT.

The council CZ joins, known as the Pakistan Crypto Council (PCC), was established in March. It was created to supervise and promote the country’s use of blockchain and digital assets. With CZ now on board, the council is expected to gain valuable insight and direction for its crypto journey.

What CZ Will Bring to the Table

As the founder of Binance, the world’s largest cryptocurrency exchange, CZ has made his presence felt in shaping the global crypto landscape. Pakistan is keen to gain from his vast experience in digital assets and blockchain infrastructure.

In his new role, CZ will advise the PCC on several key areas, including:

• Crypto regulation
• Infrastructure development
• Adoption strategies
• Education and awareness

The goal is to build a crypto ecosystem that is compliant, inclusive, and globally competitive while also encouraging collaboration between the public and private sectors.

A Big Shift in Pakistan’s Crypto Stance

What makes this development even more remarkable is the fact that Pakistan was previously against cryptocurrencies. Back in 2022, the country declared digital assets illegal and took steps to block crypto operations. Crypto exchanges, including Binance, even faced investigations due to accusations at the time.

This new stance shows a big shift in how Pakistan views crypto. Instead of restricting it, the country is now actively exploring how digital assets can benefit the economy and attract foreign investments. The appointment of CZ marks a significant milestone in this journey.

Why This Move Matters

The appointment of a global crypto leader like CZ is not just symbolic,  it shows Pakistan’s commitment to creating a future with crypto at its core. As the economy faces challenges, there is a growing public interest in alternative assets. The government is listening and responding by taking bold steps like this.

This also signals to the global crypto community that Pakistan is ready to innovate, evolve, and become a key player in the Web3 space. With CZ now involved, the future of crypto in Pakistan looks more promising than ever.

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