- The founder of Binance, Changpeng Zhao, has been appointed as a strategic advisor to Pakistan’s Crypto Council.
- Zhao will offer insights on cryptocurrency regulation, infrastructure, and educational initiatives to the Pakistani government.
- Previously, Zhao signed an agreement with the Kyrgyz Republic to assist in the development of its cryptocurrency ecosystem.
The Pakistan Crypto Council has named Binance founder and former CEO, Changpeng Zhao (CZ), as a strategic advisor as of Monday, tasked with guiding the Pakistani government and private sector in enhancing cryptocurrency infrastructure, education, and adoption.
Pakistan government appoints CZ as a strategic advisor
The decision was made during discussions with key governmental leaders, including Pakistan’s Finance Minister Senator Muhammad Aurangzeb, along with heads of the Securities & Exchange Commission (SEC), the State Bank, and other senior officials.
In his role as a strategic advisor to the Pakistan Crypto Council, CZ is expected to influence the nation’s crypto landscape by developing regulatory frameworks, improving infrastructure, promoting education, and encouraging wider adoption of digital assets. He will also work in tandem with both government and private sectors to ensure the creation of a credible cryptocurrency ecosystem in Pakistan.
“The chance to tap into Web3 for financial independence and economic advancement in Pakistan is unparalleled. With 60% of our populace under 30, and the country ranking among the top five worldwide for Web3 developers and innovators, the formation of the Pakistan Crypto Council — with CZ’s involvement — will be transformative for the nation’s digital evolution,” remarked Jawad Ashraf, CEO of Vanar Chain. Vanar Chain collaborates with the Pakistan Blockchain Institute.
CZ has previously indicated that he has been collaborating with several governments to create clear regulatory structures for cryptocurrency.
“I provide official and unofficial counsel to various governments on their regulatory frameworks for crypto and blockchain applications aimed at governmental efficiency, expanding blockchain beyond mere trading,” CZ stated in a post on X last Thursday.
CZ also recently formed a partnership with the Kyrgyz Republic by signing a Memorandum of Understanding (MoU) with the National Investment Agency (NIA) of the country. This collaboration aims to enhance Kyrgyzstan’s digital landscape by fostering growth in its crypto and blockchain sectors, which encompasses providing consulting services, sharing expertise, and launching educational initiatives to increase crypto literacy.