In a landmark development for Pakistan’s digital finance landscape, Binance founder Changpeng Zhao has been named a Strategic Advisor to the nation’s Crypto Council. This appointment, confirmed by Pakistan’s finance ministry and reported by Bloomberg on 7 April, reflects Pakistan’s growing commitment to harnessing digital assets and blockchain technology, positioning the country as a rising power in the global crypto ecosystem.
*PAKISTAN APPOINTS CHANGPENG ZHAO AS STRATEGIC ADVISOR ON CRYPTO: BBG
— Tree News (@TreeNewsFeed) April 7, 2025
Zhao’s advisory role will be pivotal in shaping the country’s regulatory strategy and infrastructure development for digital finance. During a high-level meeting chaired by Finance Minister Senator Muhammad Aurangzeb, Zhao engaged with key members of the Crypto Council to outline strategic measures aimed at balancing legal compliance with innovation. This move underscores Pakistan’s determination to craft a robust regulatory framework that is supportive of technological advances while ensuring financial security.
Senator Aurangzeb commented on the appointment, stating, “With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.” This vision is not new to the country. Earlier in March, Crypto Council CEO Bilal bin Saqib emphasized Pakistan’s readiness to transition from a cautious observer to an active participant in the digital economy. Saqib remarked, “Pakistan is done sitting on the sidelines. We want to attract international investment because Pakistan is a low-cost high-growth market with a Web3 native workforce ready to build.”
The appointment comes at a critical juncture for Pakistan. The country has recently intensified its efforts to clamp down on illicit foreign currency exchanges, channeling more remittances through official financial avenues. Economist John Ashbourne from Fitch Solutions linked this shift to a broader move toward transparency and regulation in financial transactions. Moreover, Pakistan’s impressive performance in Chainalysis’ 2024 Crypto Adoption Index highlights its strong retail participation and high transaction volumes on centralized platforms, marking it as a potential crypto hotspot.
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Zhao’s engagement in regional projects, including a recent partnership with Kyrgyzstan’s National Investment Agency to boost Central Asia’s Web3 ecosystem, further reinforces his role in fostering cross-border digital innovation. With Zhao’s guidance, Pakistan is well-positioned to redefine its digital asset landscape and solidify its role in the emerging global blockchain economy.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
