Jakarta, Pintu News – The appointment of Changpeng Zhao, founder of Binance, as Strategic Advisor to the Pakistan Crypto Council marks a new era in the country’s efforts to improve its position in the global crypto and blockchain sector.
A meeting between Changpeng Zhao and members of the Pakistan Crypto Council led by Pakistan’s Senator of Finance, Muhammad Aurangzeb, resulted in an important decision. Changpeng Zhao will be responsible for providing insights on regulation, infrastructure development, and advocacy processes in the crypto industry.
His role also includes helping to coordinate the establishment of a framework that complies with the law while still fueling the spirit of innovation. Senator Muhammad Aurangzeb, in his congratulations to Zhao, expressed optimism about Zhao’s contribution. “With CZ in place, we are accelerating our vision to make Pakistan a regional powerhouse in Web3, digital finance and blockchain-driven growth,” Aurangzeb said.
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Pakistan has shown great interest in investing in digital finance and blockchain technology. The Pakistan Crypto Council, established under the Finance Division, is responsible for this change. The country’s leadership sees the adoption of blockchain and other cryptocurrencies as a means to drive economic development and innovation across various industries.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, stated that Zhao’s appointment is very significant. “Pakistan is opening its doors to the future of finance, and who better to guide us on this journey than CZ-the pioneer who built the world’s largest crypto exchange and changed the way billions of people think about financial freedom,” Saqib said.
Zhao’s appointment is also part of Pakistan’s strategic plan to embrace the blockchain and crypto industry. It is expected that Zhao will also assist Pakistan in developing an effective and compliant environment that will put the country in an internationally competitive position.
With a population of 240 million people, of which more than 60% are under the age of 30, Pakistan has great potential to establish a vibrant crypto market. Zhao stated this great opportunity, “Pakistan with a population of 240 million, more than half of them are under the age of 30. The potential is unlimited.”
With the expertise possessed by the founder of Binance, the Pakistan Crypto Council hopes to drive innovation, create jobs and attract investment, while fostering an environment where the public and private sectors can collaborate effectively.
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