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Changpeng Zhao (CZ) Binance Joins Pakistan Crypto Council Amid Pakistan Stock Market Crash

  • Changpeng Zhao, founder of Binance, joins the Pakistan Crypto Council (PCC) as an advisor amid a Pakistan Stock Market crash.
  • The move by the Pakistan government is strategic as it aims to upgrade its financial infrastructure using blockchain technology and attract foreign investment.
  • The Pakistan Crypto Council (PCC) is a government-supported initiative to integrate digital assets and blockchain into Pakistan's economy. Zhao's role is to advise on developing crypto-supportive regulations and promote the adoption of blockchain technology.
  • The Pakistan Stock Exchange (PSX) experienced a significant drop in the KSE-100 Index, triggering circuit breakers and temporarily halting trading.

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