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Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up
The Pakistan Crypto Council (PCC) was established in March to oversee the adoption of blockchain technology and digital assets.
Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up
Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets.
The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported.
CZ is seen signing documents during his appointment by Pakistan’s Ministry of Finance. Source: Business Recorder
Zhao is one of the most recognizable names in crypto, having served as CEO of Binance between 2017 and 2023. He resigned as CEO of the exchange in November 2023 after pleading guilty to charges related to violating US money laundering laws. He was later sentenced to four months in prison.
For Pakistan, Zhao is a high-profile appointment that could potentially help the country lure foreign investment in an industry that has taken on new strategic importance.
In March, the CEO of Pakistan’s Crypto Council, Bilal bin Saqib, told Bloomberg that the country plans to develop a clear regulatory framework for digital assets.
The Pakistan Crypto Council (PCC) was established in March to oversee the adoption of blockchain technology and digital assets.
Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up
Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets.
The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption, Bloomberg reported.
CZ is seen signing documents during his appointment by Pakistan’s Ministry of Finance. Source: Business Recorder
Zhao is one of the most recognizable names in crypto, having served as CEO of Binance between 2017 and 2023. He resigned as CEO of the exchange in November 2023 after pleading guilty to charges related to violating US money laundering laws. He was later sentenced to four months in prison.
For Pakistan, Zhao is a high-profile appointment that could potentially help the country lure foreign investment in an industry that has taken on new strategic importance.
In March, the CEO of Pakistan’s Crypto Council, Bilal bin Saqib, told Bloomberg that the country plans to develop a clear regulatory framework for digital assets.
It starts with 2 usd instead of 0.0001 as some perceived.
My first price prediction for the coin is #pi
First and foremost, don't rush to sell in the early moments.
- The price of the first PI Coin will be on February (20).
With a total volume of 100 billion and an estimated initial volume of around 7 billion, the expected initial listing price of the Pi coin is expected to fluctuate between $ 0.30 and $ 0.50, depending on current market conditions.
Important questions:
1. Supply size: Although there were initially 7 billion coins in circulation, the large total supply size (100 billion) raises concerns about long-term inflation, limiting upward movement.
2. Selling pressure: Many early users may rush to liquidate their assets, increasing downward pressure. Historically, this has happened in many cases where new tokens experience a sharp drop after their listing due to profit-taking.
3. Market conditions: The cryptocurrency market remains self-sustaining, favoring the stability of investment assets. This reduces the immediate demand for PI.
- As I mentioned, the opening price is from $0.3 to $1.
But the total volume divided by the supply could rise to $16.56 and from there strong buying begins.
After this, it becomes:
First target: $135
Second target: $144
Up to $156
Expectations are not for a day or a night.
First and foremost, don't rush to sell in the early moments.
- The price of the first PI Coin will be on February (20).
With a total volume of 100 billion and an estimated initial volume of around 7 billion, the expected initial listing price of the Pi coin is expected to fluctuate between $ 0.30 and $ 0.50, depending on current market conditions.
Important questions:
1. Supply size: Although there were initially 7 billion coins in circulation, the large total supply size (100 billion) raises concerns about long-term inflation, limiting upward movement.
2. Selling pressure: Many early users may rush to liquidate their assets, increasing downward pressure. Historically, this has happened in many cases where new tokens experience a sharp drop after their listing due to profit-taking.
3. Market conditions: The cryptocurrency market remains self-sustaining, favoring the stability of investment assets. This reduces the immediate demand for PI.
- As I mentioned, the opening price is from $0.3 to $1.
But the total volume divided by the supply could rise to $16.56 and from there strong buying begins.
After this, it becomes:
First target: $135
Second target: $144
Up to $156
Expectations are not for a day or a night.
So true, i am among them who might lose majority of coins cz of referrals incomplete kyc. Pi team can launch mainnet and still continue the kyc process it will also safe pi crash.
Cointelegram
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Will Millions of Pi Network Users Lose their Coins Today?
A major issue that affects many users is the impact of referral circles. In Pi Network, pioneers earn rewards based on their network for referrals.
Pi Network’s KYC verification process will end today. For PI Network users who have been earning coins on the network, the KYC procedure is an essential step.
The platform has over 60 million users, and only a fraction of all users completed the KYC process. This means a large number of pioneers could see their accumulated coins disappear if they meet the deadline.
A major issue that affects many users is the impact of referral circles. In Pi Network, pioneers earn rewards based on their network for referrals. However, if a significant portion of a user’s referral circle fails KYC, the user who has verified KYC will also lose a large percentage of their coins.
This has caused frustration among long-time supporters who have actively contributed to growing the network but are now facing losses due to inactive or unverified referrals.
One user takes out frustration on X by saying, “It is unfair for Pioneers who have been on this journey from the beginning to lose the majority of their Pi coins. The core team should reconsider and at least redistribute some of the lost coins to dedicated Pioneers.”
Many users have also talked about technical difficulties, where they have completed all KYC steps but their accounts are stuck in the migration queue. Due to this, they are also unable to move their coins to the mainnet.
Some users are still unsure about their final status even though they have received the active KYC approvals. Confusion is apparently increased by the fact that some users are going through a unique KYC process that differs from the norm.
There are also rumors that the KYC and migration deadline might be moved to the end of February because of this uncertainty. A recent leak suggests that an official announcement is expected soon, potentially granting more time for pioneers to complete the verification process. However, the Pi Core Team has yet to confirm this publicly.
If the extension is approved, more users will have the opportunity to secure their coins. However, if no deadline extension is provided, users who remain unverified will lose permanent access to their Pi.
Migration to the Pi mainnet is still ongoing, so some users in the queue may not lose their coins immediately. Many pioneers are urging the Pi Core Team to reconsider the deadline and ensure long-time supporters aren’t unfairly affected by delays or technical issues.
Pi Network’s KYC verification process will end today. For PI Network users who have been earning coins on the network, the KYC procedure is an essential step.
The platform has over 60 million users, and only a fraction of all users completed the KYC process. This means a large number of pioneers could see their accumulated coins disappear if they meet the deadline.
A major issue that affects many users is the impact of referral circles. In Pi Network, pioneers earn rewards based on their network for referrals. However, if a significant portion of a user’s referral circle fails KYC, the user who has verified KYC will also lose a large percentage of their coins.
This has caused frustration among long-time supporters who have actively contributed to growing the network but are now facing losses due to inactive or unverified referrals.
One user takes out frustration on X by saying, “It is unfair for Pioneers who have been on this journey from the beginning to lose the majority of their Pi coins. The core team should reconsider and at least redistribute some of the lost coins to dedicated Pioneers.”
Many users have also talked about technical difficulties, where they have completed all KYC steps but their accounts are stuck in the migration queue. Due to this, they are also unable to move their coins to the mainnet.
Some users are still unsure about their final status even though they have received the active KYC approvals. Confusion is apparently increased by the fact that some users are going through a unique KYC process that differs from the norm.
There are also rumors that the KYC and migration deadline might be moved to the end of February because of this uncertainty. A recent leak suggests that an official announcement is expected soon, potentially granting more time for pioneers to complete the verification process. However, the Pi Core Team has yet to confirm this publicly.
If the extension is approved, more users will have the opportunity to secure their coins. However, if no deadline extension is provided, users who remain unverified will lose permanent access to their Pi.
Migration to the Pi mainnet is still ongoing, so some users in the queue may not lose their coins immediately. Many pioneers are urging the Pi Core Team to reconsider the deadline and ensure long-time supporters aren’t unfairly affected by delays or technical issues.
Day 30 411 plus 20 is 504? Nice investing
Quoted content has been removed
How to sell pi here after launch.
Kasonso-Cryptography
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PI NETWORK
NEXT WEEK COULD AN OFFICIAL ANNOUNCEMENT FROM CORE TEAM TO LAUNCH OPEN NETWORK.
Don’t forget “to unlock rewards & travel perks with travala”👇🏾
NEXT WEEK COULD AN OFFICIAL ANNOUNCEMENT FROM CORE TEAM TO LAUNCH OPEN NETWORK.
Don’t forget “to unlock rewards & travel perks with travala”👇🏾
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