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Business

Changpeng Zhao Appointed As Pakistan’s Crypto Adviser

Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s newly formed Crypto Council, which will regulate the country’s adoption of blockchain and digital assets.

Haider Jamal
April 8, 2025

Potential Crypto Hub

The appointment was confirmed by Pakistan’s Finance Ministry on April 7th. Zhao will provide advice on cryptocurrency regulation, infrastructure, and adoption.

Source: Business Recorder

Pakistan has long been considered a potential crypto hub, supported by a large population, active diaspora, and a booming black market for foreign exchange. The country aims to create a clear regulatory framework for digital assets, with a focus on attracting international investment.

Attracting Foreign Investment

Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, driven by retail adoption and centralized platform transactions. Stablecoins are increasingly used, with many crypto investors using digital assets to hedge against the Pakistani Rupee’s devaluation.

In any case, Zhao’s appointment is seen as a move to attract foreign investment into Pakistan’s growing crypto sector.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.