CZ Joins Pakistan's Crypto Council: Implications for Crypto Adoption

Changpeng "CZ" Zhao, co-founder and former CEO of Binance, has been appointed as a strategic advisor to Pakistan’s newly established Crypto Council. This move highlights Pakistan's increasing focus on cryptocurrency, driven by factors such as a significant unbanked population, high remittance inflows, a youth-dominated demographic, and challenges like rising inflation and currency devaluation.

CZ’s involvement is pivotal for several reasons:

It lends credibility to Pakistan’s efforts to establish a regulatory framework for cryptocurrency.

It provides access to global expertise in the crypto sector.

It boosts investor confidence, potentially attracting international players and venture capital to Pakistan's burgeoning crypto industry.

His advisory role could pave the way for clearer policies and greater adoption of cryptocurrency in the country.