Pakistan Hires Ex-Binance CEO CZ as Crypto Advisor
Pakistan's crypto play is getting interesting. They've tapped Changpeng ‘CZ’ Zhao, ex-Binance boss, as an advisor. Fresh off a $50 million fine and some prison time. You'd think he'd want a beach. Nope. He's advising governments now.
TL;DR
- CZ, despite legal woes, will advise Pakistan on crypto. A bit like asking a fox to guard the henhouse, maybe.
- Pakistan aims to be a blockchain hub, inspired by Trump's crypto dreams for the USA.
Pakistan wants in on crypto. Big time. The Pakistan Crypto Council, a new group, thinks CZ can help. He says he's "just crypto," focusing on rules and blockchain. Right. Like a car salesman is "just cars." They want to attract investment, be a leader.
The push comes from an unlikely source: Donald Trump. His promise to make America the crypto king lit a fire. Pakistan doesn't want to be left behind. It's a crypto arms race. They're eyeing $BTC and $ETH, maybe more.
Binance got $2 billion from Abu Dhabi. CZ is gone, but they're still huge. Pakistan's gamble is risky. A former exchange CEO with baggage. Will it work? Who knows. Crypto is always a wild ride. 🎢
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