Changpeng Zhao appointed as a crypto advisor marks a major turning point for Pakistan’s crypto ambitions.
The former Binance CEO has joined Pakistan’s newly formed National Blockchain Advisory Council (NBAC), a body established to guide the country’s blockchain and Web3 strategies. This council operates under Pakistan’s Ministry of IT and Telecom and reflects growing interest in digital innovation across government sectors.
Zhao’s inclusion, confirmed by a now-deleted post from Pakistan’s IT ministry, stirred notable attention. He is one of the most recognized names in the global crypto industry, having led BinanceClick here for more Details to become the world’s largest cryptocurrency exchange. His experience in navigating global blockchain regulation and development adds significant weight to the council’s credibility.
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Pakistan steps into Web3 with strategic leadership
The NBAC consists of members from government bodies, academia, and the private tech sector. The aim is to create national strategies around blockchain development, including regulation, security, and adoption of decentralized technologies.
Pakistan’s decision to include international experts like Changpeng Zhao underlines its ambition to develop a forward-looking digital infrastructure. This move aligns with global trends where governments are increasingly seeking informed guidance from crypto veterans.
The NBAC will also contribute to drafting frameworks that govern blockchain applications in public services and digital payments. While the crypto sector in Pakistan has faced regulatory hurdles, including central bank opposition and undefined tax structures, this step suggests a shift toward structured engagement.
Related: Pakistan Crypto Council launch
Changpeng Zhao’s global influence adds credibility
Zhao, who stepped down as BinanceClick here for more Details CEO in 2023 following a $4.3 billion settlement with U.S. authorities, remains a prominent figure in the crypto space. Despite his legal troubles, he continues to be viewed as a visionary in blockchain adoption.
His appointment by Pakistan is not without controversy. The announcement was removed from official sources shortly after it was posted, raising questions about internal consensus. Still, multiple confirmations and coverage indicate the appointment did take place, even if politically sensitive.
Zhao’s presence could help attract international attention and investment toward Pakistan’s blockchain sector. His expertise will likely support the creation of legal frameworks that align with global standards while supporting local innovation.
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