Binance Survived, But Trust Didn’t
Even after all this, Binance’s new venture—BNZ Global—is now sponsoring sports teams and DeFi events. Their new message: “Trust the tech, not the past.”
In Jan 2025, Omar joined a U.S. lawsuit against Binance. The company dismissed his case as “baseless” and pointed to its disclaimer:
“Your funds may become permanently unrecoverable.”
As one DeFi analyst said:
“They’re banking on users forgetting everything. And honestly, it’s working.”
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Within just 50 days of its formation, the PCC signed a Letter of Intent (LoI) with World Liberty Financial (WLF)—a U.S.-based Web3 company reportedly backed by Donald Trump’s family office. The partnership aims to:
- Launch stablecoins in Pakistan
- Facilitate DeFi protocols
- Develop blockchain infrastructure for remittances
PCC is also in talks with international Bitcoin mining firms to tap into Pakistan’s unused electricity and build large-scale mining farms and AI data centers. These steps align with the country’s goals of attracting foreign investment and enhancing its tech infrastructure.
This quick progress marks a paradigm shift in how Pakistan is approaching digital finance—once considered a grey area, now a centerpiece of national policy.
In Lahore, CZ met with Nawaz Sharif and Punjab Chief Minister Maryam Nawaz to discuss how blockchain can empower Pakistan’s youth. Maryam emphasized that the Punjab government is investing in IT skill development, preparing young Pakistanis to take part in the global digital economy.
Plans are underway to launch government-supported Web3 and fintech training programs across universities and tech parks. Binance is expected to contribute to this with training modules, certifications, and potential job placements within its global network.
This initiative is designed to position Pakistan as not just a participant but a leader in the new digital economy—bridging its young population with emerging global financial systems.