New crypto council marks shift in Pakistan’s digital finance policy, but sceptics question if the country is ready to emerge as a major crypto player.
Live
Sign up
Open the menu
News|Crypto
‘Clear message’: Can Binance founder help Pakistan become a crypto power?
New crypto council marks shift in Pakistan’s digital finance policy, but sceptics question if the country is ready to emerge as a major crypto player.
Islamabad, Pakistan – Call it a crypto coup.
Flanked by Pakistan’s flags, Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, on Monday signed on to become an adviser to the country’s newly formed regulator for the sector.
After being skittish about digital currencies for years, Islamabad in March launched the Pakistan Crypto Council (PCC), aimed at embracing innovation in the sector, while also creating a regulatory framework which protects investors and the financial system.
