Changpeng Zhao, former CEO of Binance, has been appointed as adviser to Pakistan's Crypto Council. This appointment may significantly influence the digital economy of the country.
Changpeng Zhao's Appointment
Changpeng Zhao was appointed as adviser to Pakistan's Crypto Council in April 2025. This appointment marks an important step for the development of digital finance and the blockchain sector in the country, facilitated by the support of government leaders like Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb.
Strategic Goals and Influence
Zhao's expertise will be utilized to develop strategies for cryptocurrency regulation and blockchain infrastructure. This appointment comes amid changes in Pakistan's cryptocurrency policy. Finance Minister Aurangzeb stated the aim to make Pakistan a regional leader in digital finance, particularly in light of new initiatives geared towards integrating blockchain into the financial sector.
Community Reactions
Reactions to Zhao's appointment have been mixed, with some expressing optimism while others express concerns over the implementation of new regulations. Zhao noted, "Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless.".
Changpeng Zhao's appointment may lead to changes in Pakistan's regulatory policy and increase foreign investments in the country's blockchain industry. However, the implementation of new initiatives will require attention and coordination from the government.
