Exciting news from Pakistan as they take a significant step into the world of crypto! Reports from Bloomberg and other sources indicate that Changpeng Zhao (CZ), the renowned founder of Binance, has been appointed as a strategic advisor on cryptocurrencies for the nation.

Interestingly, this isn’t CZ’s first foray into advising governments on crypto matters. He previously held a similar role as a crypto advisor for Kyrgyzstan, bringing valuable experience to this new position.

This move officially solidifies Binance founder and leading Web3 figure, Changpeng Zhao (CZ), as the Strategic Advisor to the Pakistan Crypto Council (PCC). It’s a clear signal of Pakistan’s serious approach to digital finance.

The appointment was formally announced today during a meeting with the Pakistan Crypto Council, which took place during CZ’s visit to the country.

The high-profile meeting was led by Finance and Revenue Minister Muhammad Aurangzeb, highlighting the importance of this initiative. Alongside CZ, key figures from the Pakistani government were present, including the Chairman of the Securities and Exchange Commission of Pakistan (SECP), the Governor of the State Bank of Pakistan, and Federal Law and IT Secretaries.

CZ’s visit to Pakistan was packed with engagement, also including meetings with both the Prime Minister and Deputy Prime Minister.

Pakistan’s Finance Minister Muhammad Aurangzeb emphasized the significance of this collaboration, stating, “This is a milestone for Pakistan. It’s a clear message to the world: Pakistan is embracing innovation. With CZ’s involvement, we are accelerating our vision to position Pakistan as a regional leader in Web3, digital finance, and blockchain-driven growth.”

Adding to the enthusiasm, Bilal Bin Saqib, CEO of Pakistan Crypto Council, remarked, “Pakistan is opening its doors to the future of finance. And who better to guide us on this journey than CZ, the visionary founder of the world’s largest crypto exchange, who has transformed how billions view financial freedom?”

In his role as the official Strategic Advisor to the Pakistan Crypto Council, CZ is expected to provide crucial guidance on regulation, infrastructure, education, and adoption strategies. He will collaborate closely with the Pakistani Government and the private sector to foster a thriving, inclusive, and globally competitive crypto ecosystem.

We will continue to update you with further details as they emerge on this developing story.