Pakistan gets in a new era of digital finances with a big announcement. Changpeng Zhao (CZ), the founder of Binance, has officially become a member of the Pakistan Crypto Council (PCC) as a strategic adviser. His expertise will help to shape the crypto future of Pakistan, to guide the country in creating strong regulations, improving digital infrastructure and increasing the acceptance of blockchain.
In the meantime, this partnership shows Pakistan’s strong interest in web3 and his goal to grow in crypto.
Pakistan welcomes CZ for Crypto extension
The announcement came during the recent visit from CZ to Pakistan, where he met the best government officials. These include Minister of Finance Senator Muhammad Aurangzeb, the chairman of the Securities and Exchange Commission of Pakistan (SECP) and the Governor of the State Bank of Pakistan.
CZ also had private meetings with the Prime Minister and Deputy Prime Minister, who demonstrated the strong interest of the government in crypto and blockchain technology.
During the meeting, Minister of Finance Aurangzeb stated that Pakistan is ready to adopt digital finances and blockchain, and the guidance of CZ will help the country grow in the web3 room.
CZ’s role in the Crypto -Tuise of Pakistan
CZ believes that Pakistan has a great potential in the crypto space. With more than 60% of the population under the age of 30, the country has a young, technically skilled generation ready to accept new financial technologies.
As a strategic adviser, CZ will concentrate on:
- The government helps to develop a clear and compliant crypto policy.
- Helping in building a strong digital financial network.
- Promote blockchain knowledge to increase acceptance and innovation.
Strengthen the worldwide reach of crypto
This appointment comes just after CZ signed an agreement With the Kyrgyz Republic to stimulate the adoption of blockchain in the region. Both Pakistan and Kyrgyzstan take steps to integrate crypto into their economies, making them attractive destinations for blockchain investments.
Since CZ continues to collaborate with governments worldwide, its role in shaping regulating frameworks and making secure ecosystems possible for digital finances is crucial.
