Changpeng Zhao (CZ), the founder of the top crypto exchange Binance, has today joined Pakistan Cryptocurrency Council (PCC) as the official Strategic Advisor. The move signifies Pakistan’s commitment to expanding blockchain innovation while increasing its role in the worldwide Web3 ecosystem. The move takes place after the prestigious meetings between CZ and several chief government officials of Pakistan in Islamabad. Pakistan is currently working to legalize crypto in the country.

Pakistan Cryptocurrency Council Appoints Changpeng Zhao as Strategic Advisor

As per the reports, Changpeng Zhao was invited to Islamabad where he met with the senior government officials. They included the Senator Muhammad Aurangzeb (the Chairman of the Securities and Exchange Commission of Pakistan), the Governor of the State Bank of Pakistan, as well as officials from the Ministries of IT and Law. Following this, the Pakistan Cryptocurrency Council has made CZ the official Strategic Advisor. CZ additionally conducted one-to-one discussions with Deputy Prime Minister Ishaq Dar and Prime Minister Shehbaz Sharif during the visit.

While commenting, the Pakistan Crypto Council’s Chairman Senator Aurangzeb commended this development. He said that onboarding CZ reinforces the country’s commitment to innovation. This development reportedly signifies that Pakistan’s continuous endeavors to become a local powerhouse in the case of financial growth, led by blockchain and Web3 technologies.

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Apart from that, the Pakistan Crypto Council’s CEO Bilal Bin Saqib also venerated the appointment of CZ as the official advisor. He added that the development opens exclusive doors toward the financial landscape’s future. As per him, CZ, who is the founder of the biggest crypto exchange, is the finest choice for guiding the PCC on this venture. As a part of this endeavor, CZ will work in close collaboration with both the private and public sectors. Hence, he will contribute a lot in establishing an inclusive, unconventional, and compliant crypto ecosystem.

Initiative Aims to Elevate Pakistan’s Position as Major Jurisdiction Advancing Digital Economy

According to CZ, crypto sector has a limitless potential in Pakistan as it has a population of nearly 240M. Moreover, over 60% of this population comprises people under 30. The initiative to appoint CZ as the PCC’s Strategic Advisor could play a crucial role in turning Pakistan into a leading country in the digital economy.