CZ Appointed to Pakistan’s Crypto Council: A New Chapter for Crypto Adoption

Changpeng “CZ” Zhao, co-founder and former CEO of Binance, has been named a strategic adviser to Pakistan’s newly formed Crypto Council—a significant step signaling the country’s growing commitment to blockchain and digital finance integration.

Why Pakistan is Embracing Crypto:

1. Widespread Financial Exclusion: A large segment of Pakistan’s adult population remains unbanked. Cryptocurrencies present an alternative path for financial inclusion.

2. High Remittance Volume: As one of the leading recipients of remittances worldwide, Pakistan can benefit from crypto’s faster and more cost-effective cross-border transfers.

3. Youthful, Tech-Oriented Population: With over 60% of its citizens under 30, Pakistan has a digitally native and adaptable demographic that is well-positioned to adopt emerging financial technologies.

4. Economic Pressures: Ongoing inflation and currency depreciation are driving interest in crypto as a potential hedge against financial volatility.

What CZ’s Role Means for Pakistan:

CZ’s addition to the council is expected to:

Strengthen Credibility: His global influence brings legitimacy to Pakistan’s regulatory initiatives.

Offer Industry Insights: CZ’s vast experience provides access to global best practices and innovative crypto strategies.

Attract Investment: His involvement could encourage foreign investment and fuel local growth in the crypto space.

Support Regulation Development: Partnering with industry veterans like CZ can help create clearer, more effective crypto policies.

This strategic move highlights Pakistan’s forward-looking stance on digital assets and its potential to harness crypto as a tool for economic development.

Source: Cointelegraph#BitcoinWithTariffs