In a landmark development for Pakistan's digital economy, the government has officially embraced cryptocurrency by appointing Binance founder Changpeng Zhao (CZ) as a strategic adviser to the newly established Pakistan Crypto Council (PCC). This move signals the country's commitment to integrating blockchain technology and digital assets into its financial landscape.(The News International)
Pakistan's Strategic Move Towards Digital Finance
On April 7, 2025, the Ministry of Finance announced the appointment of CZ as a strategic adviser to the PCC. The council, launched in March 2025, aims to regulate and integrate blockchain technology and digital assets into Pakistan's financial system. Finance Minister Muhammad Aurangzeb, who chairs the PCC, emphasized the significance of this appointment, stating, "This is a landmark moment for Pakistan. We are sending a clear message to the world: Pakistan is open for innovation."
CZ's role involves providing guidance on regulation, infrastructure, education, and adoption of digital assets. He will collaborate closely with government bodies and the private sector to develop a compliant and globally competitive crypto ecosystem. Highlighting Pakistan's potential, CZ remarked, "Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless."
High-Level Engagements and Future Prospects
During his visit, CZ held meetings with key government officials, including Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. Discussions centered on leveraging blockchain technology to drive economic growth and financial inclusion.
The PCC's leadership comprises Finance Minister Muhammad Aurangzeb as Chair, Bilal Bin Saqib as CEO, and board members including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan, and the Federal Secretaries for Law and IT.
Implications for Pakistan's Crypto Landscape
This strategic partnership with Binance positions Pakistan to become a regional hub for Web3 technologies and digital finance. By embracing blockchain innovation, the country aims to enhance financial inclusion, attract foreign investment, and stimulate economic growth.
The establishment of the PCC and the involvement of global experts like CZ underscore Pakistan's proactive approach to digital transformation. As regulatory frameworks evolve, stakeholders anticipate increased clarity and opportunities within the crypto sector.
Conclusion
Pakistan's collaboration with Binance marks a significant step towards integrating digital assets into its economy. With strategic guidance from industry leaders and a supportive regulatory environment, the country is poised to harness the benefits of blockchain technology and establish itself as a key player in the global digital finance arena.
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