JUST IN: šµš° Pakistan appoints Binance founder CZ as strategic crypto advisor
In a landmark development for Pakistanās digital finance landscape, Binance founder Changpeng Zhao ā popularly known as CZ ā has been appointed as the Strategic Adviser to the Pakistan Crypto Council, signalling a major leap forward in the countryās ambitions to embrace blockchain, Web3, and digital finance.
The announcement came after a high-level meeting chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, with top government officials in attendance, including the Chairman of the Securities and Exchange Commission of Pakistan, Governor of the State Bank, and Federal Secretaries of Law and IT.
āThis is a historic moment for Pakistan. We are sending a clear message to the world that Pakistan is ready to innovate,ā said Finance Minister Aurangzeb. āWith CZ on board, we are accelerating our vision of making Pakistan a regional power through Web3, digital finance, and blockchain-based development.ā
CZās visit to Pakistan also included separate meetings with the Prime Minister and Deputy Prime Minister, underscoring the high-level commitment to building a regulatory framework and tech ecosystem that fosters innovation.
Bilal Bin Saqib, the Chief Adviser to the Finance Minister for the Pakistan Crypto Council, said: āPakistan is opening its doors to the future of the financial world. Who better than CZ to guide us on this journey.ā
As a strategic adviser, CZ will offer guidance on regulation, infrastructure, education, and adoption of crypto technologies in Pakistan.
Emphasizing the countryās youth potential, he remarked, āPakistan is a country of over 240 million people, and more than 60% of the population is under 30. The potential here is immense.
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