Share this article

Get ready for some exciting developments in the crypto world! Changpeng “CZ” Zhao, the well-known co-founder of Binance, has officially been appointed as Strategic Advisor to the Pakistan Crypto Council (PCC). This is according to a recent report from TechJuice, a leading tech news source in Pakistan, which covers their startup and innovation scene.

This significant appointment was revealed during a meeting held on Monday. CZ Zhao engaged with key Pakistani figures, including Senator Muhammad Aurangzeb, the Finance Minister; the SECP Chairman; the State Bank Governor; and Federal Secretaries for Law and IT. Adding to the importance of his visit, CZ also had discussions with both Pakistan’s Prime Minister and Deputy Prime Minister.

Senator Muhammad Aurangzeb, Pakistan’s Finance Minister and also the Chairman of the PCC, highlighted the significance of this appointment. He stated that CZ’s advisory role is crucial as Pakistan pushes forward to speed up its digital finance transformation.

“We are sending a clear message to the world: Pakistan is embracing innovation,” Aurangzeb declared. “With CZ’s expertise, we are significantly advancing our vision to establish Pakistan as a regional powerhouse in Web3, digital finance, and blockchain-driven growth.”

Bilal Bin Saqib, CEO of the Pakistan Crypto Council, also shared his enthusiasm, saying, “Pakistan is truly opening up to the future of finance. And who could be a better guide on this exciting path than CZ? He’s the visionary who created the world’s largest crypto exchange and has transformed how billions view financial freedom.”

In his capacity as Strategic Advisor, CZ is set to offer his expert guidance across various crucial areas. This includes providing insights on regulation, infrastructure, education, and fostering wider adoption. He will be collaborating closely with both the Pakistani government and the private sector, all with the aim of nurturing a compliant and thriving crypto ecosystem.

“Pakistan, with its population of 240 million, and over 60% under the age of 30, holds immense, untapped potential,” CZ remarked during the announcement.

The Pakistan Crypto Council, operating under the Finance Division, is at the forefront of driving this vital digital transformation initiative for the nation.

Interestingly, this appointment follows shortly after CZ signed a memorandum of understanding (MoU) just last week. This MoU was with the Kyrgyz Republic’s National Investment Agency (NIA), focusing on propelling blockchain growth in Kyrgyzstan.

That partnership is specifically geared towards regulatory consulting, infrastructure development, and educational programs. The overarching goal is to significantly advance Kyrgyzstan’s crypto and blockchain ecosystem.

Share this article