After being skittish about digital currencies for years, Islamabad in March launched the Pakistan Crypto Council (PCC), aimed at embracing innovation in the sector, while also creating a regulatory framework which protects investors and the financial system.

By convincing one of the sector’s biggest names to join as an adviser to the PCC, Prime Minister Shehbaz Sharif’s government appears eager to signal an openness to crypto at a time when the global economy is in major churn, said analysts.

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“With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth,” Aurangzeb said, referring to Zhao by his initials – as he is widely known in the finance world.$BTC $ETH $XRP