Breaking: Former Binance CEO CZ Becomes Advisor to Pakistan’s New Crypto Council 

• Binance founder Changpeng Zhao (CZ) has officially joined the Pakistan Crypto Council to help shape the country’s crypto policies and further expand blockchain education and usage.
• Prior to this role, CZ also signed a major agreement with Kyrgyzstan to also develop their blockchain infrastructure, which goes on to show his influence in guiding crypto adoption across various nations.

The co-founder of Binance, Changpeng Zhao, popularly known as ‘CZ’,  has been appointed as a strategic advisor for the newly formed Pakistan Crypto Council. 

His role will require him to support the country in building stable rules that guide crypto, improve digital systems, and help more people understand and effectively use blockchain. Local reports also add that CZ will also focus on education and technology growth.  

CZ’s Visit to Pakistan Marks Significant Step for Crypto Adoption

During CZ’s most recent trip to Islamabad, he met with top leaders, including the Prime Minister, Finance Minister Muhammad Aurangzeb, the State Bank Governor, and the head of the Securities and Exchange Commission in the country. 

It could be said that these conversations showed the country’s strong interest in cryptocurrency. The Finance Minister confirmed that Pakistan is ready to move forward with blockchain systems, and he believes that CZ’s support will help speed up growth in Web3. His new role as the strategic advisor to the Pakistan Crypto Council, a group that was created earlier in March to guide crypto plans, highlights the government’s focus on this sector.

Although CZ hasn’t completely come out to talk about his new role, he shared a post on X on the 3rd of April that he now gives both formal and informal advice to different countries on how to shape crypto rules and use blockchain to improve public systems. 

He said his goal is to help expand blockchain beyond just trading, focusing on better use in government work.

CZ’s International Support for Blockchain Expansion

Days before his visit to Pakistan, CZ signed a deal with Kyrgyzstan’s National Investment Agency to help build the country’s crypto and blockchain systems. According to the agreement, his work would involve him participating in infrastructure, training, and expert guidance. 

The head of the Pakistan Crypto Council, Bilal Bin Saqib, said CZ’s experience will help Pakistan become a strong player in digital finance. Both Pakistan and Kyrgyzstan are now moving toward using crypto in their economies, drawing interest from global blockchain investors.

Related Reading | Bitcoin ETFs See $172M Weekly Outflows Amid Market Drop