Binance founder Changpeng Zhao, aka CZ, is now the Strategic Adviser to Pakistan's Crypto Council. This move aims to boost Pakistan's digital finance and blockchain growth, positioning the country as a regional leader.
*Key Highlights:*
- *Appointment*: CZ's role involves guiding Pakistan's regulatory framework, infrastructure development, and educational initiatives for blockchain and cryptocurrency adoption.
- *Pakistan's Potential*: With over 240 million people, 60% of whom are under 30, Pakistan offers immense potential for digital financial services.
- *Government Vision*: Finance Minister Senator Muhammad Aurangzeb sees this as a "landmark moment" for Pakistan, signaling its openness to innovation and digital growth.
- *Pakistan Crypto Council*: Established under the Finance Division, the council will regulate the cryptocurrency industry and integrate blockchain technology into the nation's financial system ¹ ².
*What to Expect:*
- Development of a compliant and globally competitive crypto ecosystem
- Increased foreign investment in Pakistan's financial sector
- Growth in Web3 technologies and digital finance
- Educational initiatives to promote blockchain awareness and adoption
This appointment marks a significant step in Pakistan's journey towards becoming a major player in the digital finance landscape. With CZ's expertise, the country is poised to capitalize on the rapid growth of blockchain and cryptocurrency technologies.