Changpeng Zhao Joins Pakistan Crypto Council as Advisor

Changpeng Zhao, co-founder of Binance, has been appointed as Strategic Advisor to the Pakistan Crypto Council (PCC) to guide the country's efforts in advancing cryptocurrency regulation, infrastructure, and adoption. This appointment is seen as a significant step for Pakistan's ambitions to become a leader in the blockchain and digital finance space, aiming to attract foreign investment and establish a globally competitive crypto ecosystem. Zhao, who recently completed a prison sentence for money laundering violations while serving as Binance's CEO, will work closely with Pakistan's government and regulatory bodies, including the State Bank and Securities and Exchange Commission, to foster innovation. Pakistan ranks highly in global crypto adoption, with a large, young population seen as a key driver for future growth. The move has generated interest and envy from neighboring India, where crypto advocates are urging their government to follow suit. Zhao's role is part of broader efforts to reposition Pakistan as a regional powerhouse in the Web3 economy.