Binance Founder Changpeng Zhao Takes on Advisory Role in Pakistan’s Crypto Council

Changpeng Zhao (CZ), the co-founder of Binance and an influential figure in the crypto space, has been appointed as Strategic Advisor to the Pakistan Crypto Council. The announcement marks a pivotal step in Pakistan’s journey to position itself as a regional leader in digital finance.

This development unfolded during a high-level meeting with key Pakistani officials, including Finance Minister Senator Muhammad Aurangzeb, the SECP Chairman, the State Bank Governor, and Federal Secretaries for Law and IT. Zhao also engaged directly with the nation’s Prime Minister and Deputy Prime Minister, underscoring the importance of this collaboration.

Finance Minister Aurangzeb, who also chairs the Pakistan Crypto Council, emphasized that Zhao’s involvement signals Pakistan’s commitment to embracing innovation in the financial sector. He described the appointment as a cornerstone of the country’s efforts to transform its digital finance framework, positioning Pakistan as an attractive destination for global tech advancements. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, echoed this sentiment, highlighting Zhao’s unparalleled expertise as a driving force behind this initiative. Saqib noted that Zhao’s leadership in building Binance into the world’s largest cryptocurrency exchange makes him an ideal guide for Pakistan’s ambitions in the rapidly evolving world of finance.

A Vision for Pakistan’s Digital Future

In his new role, Zhao will lend his extensive experience to shape Pakistan’s cryptocurrency ecosystem, offering insights on regulation, infrastructure, education, and widespread adoption. His work will span collaboration with both government bodies and private enterprises, aiming to create a robust and compliant framework for digital currencies. Zhao himself expressed optimism about Pakistan’s potential, pointing to its population of 240 million, with over 60 percent under the age of 30, as a fertile ground for innovation. He described the country’s youthful demographic as a key asset in unlocking limitless opportunities within the blockchain and digital finance sectors.

The Pakistan Crypto Council, operating under the Finance Division, is spearheading this transformative effort. Established to guide the nation’s digital evolution, the council views Zhao’s appointment as a catalyst for accelerating its goals. This move builds on Pakistan’s broader strategy to integrate cutting-edge technologies into its economic fabric, fostering growth and attracting international attention. Aurangzeb reinforced this vision, stating that Pakistan is sending a clear message to the global community about its openness to pioneering advancements.

Zhao’s advisory role in Pakistan follows closely on the heels of another international partnership. Just last week, he signed a memorandum of understanding with the Kyrgyz Republic’s National Investment Agency to support blockchain development in Kyrgyzstan. That collaboration focuses on regulatory consulting, infrastructure enhancements, and educational programs, reflecting a similar blueprint to his new undertaking in Pakistan. These successive engagements highlight Zhao’s growing influence as a global advocate for cryptocurrency and blockchain adoption.

For Pakistan, this partnership arrives at a critical juncture. With a young, tech-savvy population and an increasing appetite for financial innovation, the country stands to benefit significantly from Zhao’s expertise. As the government and private sector work together under his guidance, Pakistan aims to carve out a prominent place in the regional digital economy, leveraging blockchain technology to drive sustainable growth and financial inclusion.