Islamabad embraced a brave move to onboard the founder of Binance, Changpeng Zhao, assigning him as the strategic advisor for the Pakistan Crypto Council (PCC). The blockchain world is optimistic about the onboarding, and many view the announcement as a landmark event. The question is, will the Binance founder turn Pakistan into a crypto giant?
Pakistan’s evolving crypto agenda marks a clear break from past hesitations with the launch of PCC and Zhao’s onboarding. The country no longer lingers on the sidelines as it steps boldly into a new digital finance era. Pakistan’s crypto user base already exists. Industry estimates show up to 20 million locals actively hold or trade digital assets.
There is a growing interest in crypto and meme coin investments around the world, including in Pakistan. Meme coins are inspired by humorous internet memes and carry genuine monetary value. More information about meme coins can be found at coins.meme. However, the organic adoption among Pakistanis reflects a solid potential for growth. Integrating crypto into the formal economy can foster tech entrepreneurship and unlock new tax revenues.
Zhao’s guidance will fast-track the transition, welcoming a secure and inclusive environment. The PCC aims to develop a modern framework and welcome mass adoption to position Pakistan as a leading Web3 tech hub in South Asia, and the timing couldn’t be better with 60% of the 240 million population being under the age of 30.
Zhao’s worldwide influence remains significant, despite past issues in the US. His experience transforming Binance into a global leader crypto exchange empowers Pakistan to reshape its blockchain future. The government’s eagerness to collaborate with such a valuable figure also sends a powerful message: Pakistan is ready to regulate and innovate.
Attitudes toward cryptocurrencies are shifting on a global scale. The US has President Donald Trump embracing new crypto policies, recently announcing the development of a strategic crypto reserve. Islamabad has chosen to align with the global trend rather than lag, choosing to future-proof its financial ecosystem with blockchain-enabled services.
Pakistan turns surplus power into gold by welcoming more Bitcoin miners and integrating AI, showing how the country aims to diversify its economy through digital asset investments, even reaching underserved populations. Some concerns remain about the country’s limited internet speeds, but other regions in similar situations have overcome these challenges.
Zhao’s appointment is undoubtedly beyond symbolic as Pakistan embraces the opportunity to integrate asset tokenization, digital identity, and seamless crypto payments. Zhao is also expected to collaborate with local policymakers to guide infrastructure development, regulatory frameworks, and education programs that drive an innovation powerhouse.
Pakistan also has ambitions beyond crypto mining, embracing the potential to create regulatory environments that foster DeFi, NFT, and blockchain-driven public service innovations. The country has the potential to thrive, working from scratch once the right investments and policies are implemented.
Pakistan also aims to reduce any security concerns related to bad actors misusing crypto, which is a global issue and not unique to the region. The country’s objective to regulate the industry and follow Know-Your-Customer (KYC) and anti-money laundering laws will ensure the ideal balance between accountability, growth, and reduced risks.
It won’t be long before every Pakistani knows how to securely withdraw cryptocurrency from Binance thanks to another appointment that strengthens the PCC leadership: respected British Pakistani entrepreneur, Bilal bin Saqib. Zaho and Saqib represent a revolutionary wave of crypto-focused thinkers who understand local and global needs.
Pakistan’s position is set to leapfrog other crypto-friendly countries due to the combined expertise of two crypto legends. The country isn’t gambling with a new economic concept. Pakistan is taking a calculated step toward diversifying its financial ecosystem to meet global demands.
The country undoubtedly has the talent of the Binance founder on its side and engages with the rising opportunities that exist in a younger population. Pakistan is certainly laying the foundation for something beyond transformative, with the country being a serious contender for the global blockchain powerhouse title.