Pakistan Appoints Binance Founder as Crypto Advisor, Launches Digital Asset Bill
Pakistan has taken major steps toward embracing cryptocurrency and blockchain technology. In a significant move, Changpeng Zhao (CZ)—founder of Binance—has been appointed as a strategic advisor to the Pakistan Crypto Council (PCC), which was established in March 2025. The PCC aims to create a regulatory framework for digital assets and attract international investment.
As part of this initiative, Pakistan has introduced the "Virtual Assets Bill 2025", which provides a comprehensive legal framework for the issuance, trading, and management of cryptocurrencies, blockchain technologies, and digital assets. The bill also proposes the launch of a state-backed digital rupee, to be issued under the supervision of the State Bank of Pakistan.
In addition, Pakistan is planning to utilize its surplus electricity by establishing crypto mining operations and AI data centers, as part of a broader digital economy strategy.
These developments mark Pakistan’s ambition to become a key player in the global crypto market at a time when the country is seeking innovative ways to tackle economic challenges.
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