Jasmine Lee
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Changpeng "CZ" Zhao, Binance's founder, has joined Pakistan's Crypto Council as a strategic advisor, marking a significant milestone in the country's pursuit of blockchain and Web3 advancements. This move is expected to boost Pakistan's digital finance sector, leveraging CZ's expertise in crypto and blockchain.
*Why Pakistan is Embracing Crypto:*
- *Unbanked Population*: Millions of citizens remain outside the formal banking system, making crypto a practical financial alternative.
- *Remittance Flows*: Crypto offers a faster and cheaper method for overseas Pakistanis to send funds home.
- *Young Population*: Pakistan's youthful demographics are more inclined to adopt new technologies, including digital currencies.
- *Economic Pressures*: Persistent inflation and currency devaluation have increased interest in alternative stores of value like crypto.
*Benefits of CZ's Involvement:*
- *Legitimacy*: Signals Pakistan's serious intent in building a regulated crypto ecosystem.
- *Global Insights*: Provides valuable guidance drawn from years of leading one of the world's largest crypto exchanges.
- *Investor Confidence*: May attract international investors and venture capital into Pakistan's crypto sector.
- *Regulatory Framework*: Helps shape a framework that aligns with global best practices.¹ ²
With CZ's expertise, Pakistan aims to:
- *Drive Innovation*: Foster an environment for blockchain innovation and adoption.
- *Create Jobs*: Attract investment and create opportunities for the growing young population.
- *Compete Globally*: Position itself as a rising player in the global crypto economy.
Pakistan's Finance Minister, Senator Muhammad Aurangzeb, believes CZ's partnership will elevate Pakistan's position in the digital finance market, drawing business investors and technology creators. The Pakistan Crypto Council, established in March 2025, will play a crucial role in shaping the country's digital financial landscape.
*Why Pakistan is Embracing Crypto:*
- *Unbanked Population*: Millions of citizens remain outside the formal banking system, making crypto a practical financial alternative.
- *Remittance Flows*: Crypto offers a faster and cheaper method for overseas Pakistanis to send funds home.
- *Young Population*: Pakistan's youthful demographics are more inclined to adopt new technologies, including digital currencies.
- *Economic Pressures*: Persistent inflation and currency devaluation have increased interest in alternative stores of value like crypto.
*Benefits of CZ's Involvement:*
- *Legitimacy*: Signals Pakistan's serious intent in building a regulated crypto ecosystem.
- *Global Insights*: Provides valuable guidance drawn from years of leading one of the world's largest crypto exchanges.
- *Investor Confidence*: May attract international investors and venture capital into Pakistan's crypto sector.
- *Regulatory Framework*: Helps shape a framework that aligns with global best practices.¹ ²
With CZ's expertise, Pakistan aims to:
- *Drive Innovation*: Foster an environment for blockchain innovation and adoption.
- *Create Jobs*: Attract investment and create opportunities for the growing young population.
- *Compete Globally*: Position itself as a rising player in the global crypto economy.
Pakistan's Finance Minister, Senator Muhammad Aurangzeb, believes CZ's partnership will elevate Pakistan's position in the digital finance market, drawing business investors and technology creators. The Pakistan Crypto Council, established in March 2025, will play a crucial role in shaping the country's digital financial landscape.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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