Pakistan's Crypto Council Appoints Binance Founder CZ as Strategic Adviser
In a significant move for the country's digital economy, Pakistan's Crypto Council has appointed.
Changpeng Zhao, commonly known as CZ, the founder and former CEO of Binance, as a strategic adviser.
This partnership aims to enhance Pakistan's crypto regulatory framework,infrastructure,and educational
initiatives, positioning the nation to leverage the potential of cryptocurrencies and blockchain technology.
The announcement was made during a high-level meeting that included Pakistan's Finance Minister, Senator Muhammad Aurangzeb, along with leaders from the Securities and Exchange Commission (SEC) and the State Bank of Pakistan.
This collaboration is expected to strengthen Pakistan's ties with global crypto leadership and facilitate the adoption of Web3 technologies.
With approximately 60% of Pakistan's population under the age of 30, the country is poised for a digital transformation.
Jawad Ashraf, CEO of Vanar Chain, emphasized the importance of this initiative, stating, "The launch of the Pakistan Crypto Council — and CZ's involvement — will be a game-changer for the country's digital transformation." The Pakistan Blockchain Institute is also collaborating with Vanar Chain to further enhance the country's blockchain capabilities.
@CZ has a history of advising various governments on crypto regulations and blockchain solutions, aiming to expand the use of blockchain beyond mere trading.
In a recent post on X, he mentioned, "I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for government efficiency."
In addition to his role in Pakistan, CZ has also signed a memorandum of understanding (MoU) with the Kyrgyz Republic's National Investment Agency to promote the country's cryptocurrency and blockchain ecosystem. This partnership will focus on consultation, technical information exchange, and educational initiatives to raise awareness about crypto.
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