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.