Pakistan taps Binance co-founder Changpeng Zhao to steer its journey into digital finance innovation
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Binance co-founder Changpeng ‘CZ’ Zhao has been named strategic adviser to the newly formed Pakistan Crypto Council; a move government officials described as a major step in the country’s push toward becoming a global leader in blockchain innovation. Zhao’s appointment was announced on April 7 following a meeting in Islamabad chaired by Finance Minister Muhammad Aurangzeb. The session brought together senior officials from Pakistan’s financial and regulatory agencies, including the heads of the State Bank of Pakistan, the Securities and Exchange Commission, and the federal ministries for law and information technology. Aurangzeb said: “This marks a pivotal moment for Pakistan. We’re sending a clear signal that Pakistan welcomes innovation and is serious about building a future-ready digital economy.” As a strategic adviser, Zhao will offer guidance on regulatory frameworks, infrastructure development, education, and digital asset adoption. He is expected to work closely with both government agencies and the private sector to support the growth of a secure and inclusive crypto ecosystem. The council’s chief executive, Bilal Bin Saqib, said Zhao’s involvement would help position Pakistan as a forward-looking player in the web3 economy. Saqib said: “Pakistan is opening its doors to the future of finance. Having CZ on board is not only a major endorsement but also a catalyst for long-term digital growth.” According to a statement from the Finance Division, Zhao also held separate meetings with Prime Minister Shehbaz Sharif and Deputy Prime Minister Senator Ishaq Dar during his visit. Zhao highlighted Pakistan’s demographic advantage, pointing to its population of over 240 million — more than half of whom are under the age of 30 — as a sign of the country’s untapped digital potential. The Pakistan Crypto Council, formed under the Finance Division in March, is led by the finance minister and includes top officials from key regulatory…
