Why Pakistan Is Turning to Crypto
Pakistan, a country of over 240 million people, increasingly views cryptocurrency as a potential catalyst for economic innovation and financial inclusion. A mix of socioeconomic factors and a rapidly evolving global crypto landscape are pushing the country to act nowโand act decisively.
1. Large Unbanked Population
2. High Remittance Inflows
3. Youth-Dominated Demographics
4. Rising Inflation and Currency Devaluation
๐ง CZโs Role: Strategic Advisor to Pakistanโs Crypto Council
The appointment of Changpeng "CZ" Zhao, founder and former CEO of Binance, is a landmark move that brings not just name recognition but also global legitimacy.
โ๏ธ 1. Legitimacy to Regulatory Efforts
With CZโs reputation and experience, Pakistanโs regulatory ambitions gain credibility. His presence signals to global stakeholders that Pakistan is serious about crypto innovation, not just speculative hype.
๐ 2. Access to Global Expertise
CZ brings a deep network of industry professionals, regulatory contacts, and technical experts. His insight can help Pakistan craft balanced, forward-looking regulations that protect users while encouraging innovation.
๐ธ 3. Investor Confidence
Global VCs, exchanges, and crypto startups are more likely to invest in a country that shows regulatory clarity and visionary leadership. CZโs advisory role could attract foreign direct investment and strategic partnerships in Web3 and blockchain sectors.
๐ 4. Push for Clearer Crypto Regulations
Pakistanโs crypto space has long existed in a gray area. With CZโs influence, the council is better positioned to develop transparent frameworks for exchanges, token projects, and DeFi platforms, boosting user trust and institutional involvement.