According to Tech Juice, a local news media, Pakistani authorities have appointed Changpeng Zhao (CZ), a popular crypto figure and the founder of the biggest crypto exchange, Binance, as a Strategic Advisor to the country’s crypto administrative body, the Pakistan Crypto Council (PCC).
As a leading crypto figure, CZ’s long-term crypto knowledge and experience will boost the Pakistan crypto industry and potentially influence global trends. His latest appointment highlights the growing importance of crypto in Pakistan and the Asian continent.
Big Move for Pakistan
The appointment was announced in a Monday meeting between CZ and the PCC, which Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, headed. The Chairman of the country’s Securities and Exchange Commission of Pakistan (SECP), the Governor of the State Bank of Pakistan, and the Federal Secretaries for Law and IT also witnessed the event.
Senator Aurangzeb expressed confidence in the recent appointment, saying, “This is a landmark moment for Pakistan. We are sending a clear message to the world: Pakistan is open for innovation. With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.”
As a strategic advisor to the PCC, CZ will provide expertise in the country’s crypto adoption, regulation, and infrastructure development. He’ll also assist in building a functional regulatory framework while finding a balance between compliance and innovation. In a way, he’ll boost Pakistan’s presence in the crypto ecosystem and position it as a crypto and blockchain hub.
Acknowledging the potential in the country, CZ said, “Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless.”
Asian Countries Move Towards the Crypto Way
Meanwhile, the wave of crypto adoption has swept the Asian continent as many countries have opened the door to welcoming firms, investment funds, and developments from the ecosystem.
Hong Kong has revealed plans to adopt bitcoin (BTC), the world’s leading crypto, as a strategic reserve asset in the second half of 2025. As the special administrative region of China, it greenlighted crypto exchange-traded funds (ETF) in 2024 and is working to license more crypto firms in the coming months.
Additionally, many Asian firms, including Ming Shing Group and Metaplanet, have adopted a strategic BTC reserve as a hedge against national fiat currency devaluation.
