Binance Founder appointed strategic adviser to Pakistan Crypto Council

Binance Founder appointed strategic adviser to Pakistan Crypto Council to incorporate blockchain technology into Pakistan’s financial system.

Binance‘s founder and billionaire, Changpeng Zhao, was appointed as a strategic adviser to the Pakistan Crypto Council (PCC) on Monday, according to a press release from the Finance Division.

The PCC, which was officially launched last month, aims to regulate and incorporate blockchain technology and digital assets into Pakistan’s financial system.

Following a meeting on February 25 between Finance Minister Muhammad Aurangzeb and a foreign delegation, the finance ministry announced that it was considering the formation of a National Crypto Council to adopt emerging digital currencies in alignment with global trends. In March, entrepreneur Bilal Bin Saqib was appointed as the chief adviser to the finance minister for the council.

Today’s press release described Zhao’s appointment as a “groundbreaking move” that would significantly impact the global crypto landscape.

The announcement was made during Zhao’s meeting with the PCC, chaired by Finance Minister Aurangzeb, with key government figures present. Zhao also held separate meetings with Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar.

Finance Minister Aurangzeb called it a pivotal moment for Pakistan, emphasizing that the country was now sending a message that it was open to innovation. With Zhao on board, Pakistan aimed to become a regional leader in Web3, digital finance, and blockchain development.

PCC CEO Saqib noted that Pakistan was “opening its doors to the future of finance” and highlighted Zhao’s transformative role in building the world’s largest crypto exchange, which has revolutionized the way billions view financial freedom.

As a strategic adviser, Zhao will offer expertise on regulation, infrastructure, education, and adoption. He will work closely with both the government and private sector to establish a compliant, inclusive, and competitive crypto ecosystem in Pakistan.

Zhao highlighted Pakistan’s vast potential, with a population of 240 million, over 60% of whom are under 30. He expressed optimism about the country’s limitless opportunities in the crypto space.

Zhao’s appointment signals a new era for Pakistan, positioning the country alongside progressive crypto nations like Singapore, Dubai, and Switzerland.