With a great win for Pakistan’s crypto money market, the world’s largest crypto change, Binance’s founding partner and former CEO Changpeng Zhao (CZ) strategic consultant Pakistan to the Crypto Council (PCC).
It will increase the Binance Founding Partner Crypto Innovation
The announcement was made by the Ministry of Finance on Monday after meetings with Kilit PCC members, including the Federal Finance Muhammad Aurangzeb, CEO, Bilal bin Saqib, who chaired Zhao’s Council.
According to local media reportsChangpeng Zhao negotiated with the Prime Minister and the Deputy Prime Minister of Pakistan during his visit to Islamabad at the weekend.
Founded by the Government last month, the PCC aims to create a regulatory framework for crypto currency trade, which is an aim to attract international investment.
Although crypto currencies such as Bitcoin (BTC) are not officially regulated in Pakistan, they are not illegal. Since 16 January 2021, Pakistan State Bank has virtual money, coins or token.
“This is an important moment for Pakistan, we send a clear message to the world: Pakistan is open to innovation,” Senator Muhammad Aurangzeb said.
Senator, Binance’s former CEO and the Council, Pakistan, web3, digital finance and blockchain technology as a regional leader to accelerate the vision of positioning the vision of positioning.
ZHAO’s Pakistan Vision
As a strategic consultant, Zhao will provide key guidance about various aspects, including arrangement, infrastructure development, training and adoption of crypto currencies.
The role is a compatible, inclusive and global competitive crypto ecosystem.
Zhao emphasized Pakistan’s potential in terms of crypto currency growth and said, “Pakistan is a country consisting of more than 60 percent of 240 million people under 30 years of age. The potential here is unlimited.”
Despite his recent legal difficulties, he resigned as Binance CEO and reached a solution of 4.3 billion dollars according to anti-money laundering violations with US officials and continues to be one of the most influential figures in the crypto industry.
As of January 2025, Forbes estimated its net value as approximately 66.6 billion dollars and makes it the second richest and 24th richest person in the world.
Zhao’s career crypto currency Blockchain.info started in 2013 as part of the developing team. Later, he worked as a chief technology officer for Okcoin before he started Binance in July 2017.
Within only eight months, Binance was the world’s largest crypto currency stock exchange with the volume of transaction, which was realized after collecting $ 15 million through the first coin offer (ICO).
As of now, Binance Coin (BNB) is traded at $ 564 by recording a 11% price drop in the last two weeks.
The prominent picture from DALL-E is graphics from tradingView.com
Editorial process Bitcoinist has been thoroughly investigated and focused on providing accurate and impartial content. We maintain solid welding standards and each page is subject to an diligent examination by our best technology experts and experienced editors team. This process provides the integrity, relevance and value of our content for our readers.
