Pakistan has appointed the billionaire founder of cryptocurrency exchange Binance as a strategic adviser to the new National Cryptocurrency Council, The Indian Express reports.
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It is noted that the “groundbreaking move” of appointing Changpeng Zhao as a strategic advisor was aimed at changing the global crypto landscape.
Last month, the government officially launched the Pakistan Crypto Council to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape and appointed entrepreneur Bilal Bin Saqib as the finance minister’s chief adviser on digital assets.
The announcement was made on Monday during a meeting between Zhao and the Pakistan Cryptocurrency Council, chaired by Finance Minister Muhammad Aurangzeb, which brought together key government stakeholders.
Zhao was also reported to have held separate meetings with Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar.
“This is a historic moment for Pakistan. We are sending a clear message to the world: Pakistan is open to innovation. With Zhao on our team, we are accelerating our vision to make Pakistan a regional hub for Web3, digital finance and blockchain-driven growth,” Pakistan's finance minister said.
Let us recall
The Finance Ministry wrote that Pakistan plans to create a legal framework for cryptocurrency trading in order to attract international investment. According to Saqib, there are between 15 and 20 million crypto users in the country.
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