Pakistan hires Binance ex-CEO as crypto adviser, India left watching
India’s crypto community urges action as Binance founder CZ becomes Pakistan’s adviser, marking a bold move toward Web3 leadership. Changpeng Zhao, former CEO of Binance, commonly known as CZ, has been appointed as a strategic advisor to Pakistan's Crypto Council (PCC)— a decision that has sent ripples of opposition in India across the border.
Several Indian crypto advocates on social media platform X want their government to copy the move.
"What India could have done, Pakistan outsmarted us!" wrote Opinderpreet. Influencer and data scientist Budhil Vyas wondered if Pakistan's move would encourage Modi, India's Prime Minister, to take steps to adopt crypto.
Meanwhile, an Asian Key Opinion Leader, Sumit, expressed frustration, saying, "Now it looks like India will be the last country to take any positive steps." The sentiment seems clear--India's crypto community does not want to miss out on the Web3 revolution.
Pakistan welcomes CZ as crypto adviser This appointment, which Pakistan's Ministry of Finance confirmed, was first reported by Bloomberg on Apr 7. CZ will collaborate more closely with the Finance Division, the State Bank of Pakistan, and the Securities and Exchange Commission of Pakistan to guide regulation, infrastructure, education, and adoption plans.
Finance Minister and PCC Chairman Senator Muhammad Aurangzeb called his appointment a "landmark" moment for Pakistan. He said, "We are sending a clear message to the world: Pakistan is open for innovation."
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