In a move towards adopting the digital economy, Pakistan has hired Changpeng Zhao, popularly known as CZ, the founder of Binance, as its Strategic Advisor to the Pakistan Crypto Council. The move may signal the start of a shift in Pakistan’s stance toward cryptocurrency and blockchain technology.
Government Indicates its Commitment to Innovation
The decision was made in Islamabad, where the appointment was announced during a senior-level meeting convened by Finance Minister Senator Muhammad Aurangzeb. The leaders from Pakistan’s finance and regulatory organisations, the State Bank of Pakistan and the Securities and Exchange Commission, also attended the meeting—hinting that this isn’t simply symbolic but a highly weighted-institutional appointment.
CZ’s addition matters. As the face behind the globe’s largest crypto exchange, his addition does not just bring a global reputation but also unparalleled expertise on navigating the unpredictable yet high-reward space of digital money. For Pakistan, which has historically had a volatile history with cryptocurrencies—between crackdowns and tentative optimism—this development sends a strong message: that the nation is ready to confront the future of money.
Discussions with Top Officials on Cryptocurrency Regulation
Finance Minister Aurangzeb described it as a “historic moment” and noted that Pakistan is actively pursuing a status as a regional hub for blockchain-driven innovation. Zhao also held meetings with Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar during his visit to discuss crypto investment prospects, regulatory environments, and possible global partnerships.
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This change couldn’t have come at a more pivotal moment. With inflation, a declining rupee, and youth unemployment gripping the economy, blockchain and crypto present a different narrative—one of borderless finance, decentralised empowerment, and technology-fueled job creation. Pakistan boasts one of the world’s youngest populations and a rapidly increasing number of freelance workers, many of whom already use digital currencies for cross-border payments.
A Defining Moment for the Crypto Council
Pakistan Crypto Council CEO Bilal Saqib summed up the atmosphere: “There could be no better guide on this journey than CZ.”
With CZ’s advisory presence, Pakistan is making a big bet—not on blockchain alone—but on an era in which innovation fuels resilience. Whether or not this bet pays off will depend on how rapidly the nation can establish an open and investor-friendly crypto environment. However, for the time being, Pakistan has taken its most aggressive step in crypto yet.
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