Binance Founder Joins Pakistan as Crypto Advisor

Key Takeaways
- Binance founder Changpeng Zhao (CZ) becomes strategic advisor to Pakistan’s Crypto Council.
- Pakistan plans to build a regulated crypto market and aims to become a leader in Web3 development.
- Zhao will support efforts around regulation, infrastructure, and crypto adoption.
- The country sees itself as a high-growth market with strong demand for digital financial solutions.
Pakistan Bets on Crypto – with CZ on Board
Pakistan aims to position itself as a hub for digital financial technologies and blockchain applications. A clear sign of this commitment: Changpeng Zhao, founder of the world’s largest crypto exchange Binance, has been appointed as a strategic advisor to Pakistan’s Crypto Council. The appointment was confirmed by the Ministry of Finance in early April 2025.
What Role Will CZ Play?
Zhao is expected to help Pakistan develop a secure and innovation-friendly crypto ecosystem. His responsibilities include:
- Advising on the development of regulatory frameworks
- Supporting the establishment of technical infrastructure
- Promoting overall crypto adoption in the country
Finance Minister Muhammad Aurangzeb emphasized that with Zhao’s support, Pakistan aims to accelerate its vision of becoming a regional hub for Web3 and digital financial solutions.
Why Pakistan Is Turning to Crypto Now
As early as March 2025, Bilal bin Saqib, CEO of the Crypto Council, stated that Pakistan no longer wants to wait. The goal is to attract international investors. The country boasts a young, tech-savvy population and significant potential in the Web3 space.
Another driving factor: the government is cracking down on illegal foreign exchange activities. This has led to more remittances being processed through official channels—an indication of growing acceptance of regulated digital financial solutions.
Strong Position in Global Comparison
According to the 2024 Crypto Adoption Index by Chainalysis, Pakistan ranks among the most active countries globally. Particularly notable is the high participation of retail investors and the transaction volume on centralized platforms.
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Zhao’s involvement in Pakistan is part of a broader strategy. He recently partnered with the National Investment Agency in Kyrgyzstan to help grow the Web3 ecosystem in Central Asia.
Our Assessment
The collaboration between Pakistan and Changpeng Zhao is a strategic move with strong signalling power. Pakistan recognizes the potential of digital assets and aims to position itself early as a regulated yet growth-oriented market. For crypto enthusiasts and investors, the country could gain importance in the medium term—both as a base for projects and as a market for new users. Bringing in an experienced figure like CZ significantly boosts the credibility of this initiative.
Sources
- Bloomberg
- Fitch Solutions
- Chainalysis