Changpeng "CZ" Zhao's appointment as strategic advisor to Pakistan's Crypto Council marks a significant milestone in the country's pursuit of blockchain and Web3 advancements. Here's what this means for crypto adoption:

*Why Pakistan is turning to crypto:*

- *Large unbanked population*: Many Pakistanis lack access to traditional banking services, making crypto a viable alternative.

- *High remittance inflows*: Pakistan receives significant remittances from abroad, and crypto can facilitate these transactions.

- *Youth-dominated demographics*: With over 60% of its 240 million population under 30, Pakistan has a young demographic that can drive crypto adoption.

- *Rising inflation and currency devaluation*: Crypto can provide a hedge against inflation and currency fluctuations.

*Benefits of CZ's advisory role:*

- *Legitimacy to Pakistan's crypto regulatory ambitions*: CZ's involvement lends credibility to Pakistan's efforts to establish a regulatory framework for crypto.

- *Access to global expertise*: CZ's experience in guiding Binance can help Pakistan develop its digital finance ecosystem.

- *Investor confidence*: CZ's appointment can attract international investors and venture capitalists to Pakistan's crypto industry.

- *Clearer regulations*: With CZ's guidance, Pakistan can develop a comprehensive regulatory system, boosting investor trust and attracting foreign investment.¹ ²

*Impact on Pakistan's crypto industry:*

- *Increased adoption*: CZ's expertise can drive innovation, create jobs, and attract investment in Pakistan's crypto sector.

- *Web3 growth*: Pakistan aims to become a regional powerhouse for Web3, digital finance, and blockchain-driven growth.

- *Competitive environment*: CZ's involvement can help Pakistan create a favorable environment for crypto businesses, placing it competitively in the international market.