Changpeng Zhao, former CEO of Binance, has been appointed as a strategic advisor to the Pakistan Crypto Council to help the nation adopt blockchain technology.
Muhammad Aurangzeb, Finance Minister of Pakistan, sees this appointment as a landmark moment for the country and a signal that Pakistan is open to innovation.
Zhao's visit to Pakistan aims to create a legal framework for digital assets and spur economic growth through regulation that allows room for innovation and opportunities for crypto entrepreneurs.
The Pakistan Crypto Council aims to attract foreign investors and collaborate with the crypto industry to facilitate financial growth and international trade while keeping the black market in check.