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The Pakistan Crypto Council has appointed former Binance CEO Changpeng Zhao as a strategic advisor to support developments in the country’s crypto finance and blockchain sectors. This appointment is viewed as a significant step for the nation, which has a population of 247 million, as it seeks to advance its technology and financial landscape.
Strategic Advisory Role in Pakistan
According to local media reports, Zhao’s advisory role aims to enhance Pakistan’s competitiveness in Web3 and blockchain technologies on the international stage. Through this appointment, the country intends to develop its vision in crypto finance and strengthen its technological infrastructure in the region.
Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, characterized this development as an important turning point for the country.
Senator Muhammad Aurangzeb: “This is a significant milestone for Pakistan. We clearly communicate to the world that we are open to innovation. By strengthening our vision with Changpeng Zhao, we aim to make Pakistan a regional powerhouse.”
Additionally, Bilal Bin Saqib, CEO of the Pakistan Crypto Council, made statements regarding this appointment.
Bilal Bin Saqib: “Pakistan is opening its doors to the future of finance. There could not be a better guide for this journey than a pioneer like Changpeng Zhao.”
Zhao has previously collaborated with various countries, providing advisory services on blockchain technologies and digital finance regulations.
Changpeng Zhao: “I am officially and unofficially advising several governments on crypto regulatory frameworks and blockchain solutions. I find this work extremely meaningful.”
Anticipated Growth and Future Outlook
The appointment is expected to positively contribute to Pakistan’s cryptocurrency transformation process on the international stage. The country aims to offer services that meet global standards by further integrating innovative technologies and crypto finance applications. This development may accelerate the integration of blockchain technology into local economic and financial systems.
Furthermore, the appointment is viewed in parallel with the country’s digital transformation strategy, facilitating regional collaborations and technology transfers. Experts believe that Zhao’s international experience could lay the groundwork for strengthening Pakistan’s technological infrastructure and improving its regulatory framework. This step may prevent the country from lagging in the global technology and finance sectors, opening doors to new business models.
