China Taps Crypto Pioneer Changpeng Zhao as Digital Currency Advisor

Pakistan Appoints CZ as Crypto Adviser

Pakistan has appointed Changpeng Zhao, the CEO of cryptocurrency exchange Binance, as a crypto adviser to the country's central bank.

According to a press release, Zhao will work closely with the State Bank of Pakistan (SBP) to provide guidance and support on the development of Pakistan's cryptocurrency and blockchain industry.

The appointment comes as part of the Pakistani government's efforts to foster growth and innovation in the country's fintech sector. The SBP has been actively exploring the potential of cryptocurrencies and blockchain technology to improve financial inclusion and efficiency.

Zhao, also known as CZ, is a well-known figure in the crypto industry and has been instrumental in driving the growth and adoption of cryptocurrencies. Under his leadership, Binance has become one of the largest and most popular cryptocurrency exchanges in the world.

The appointment of Zhao as crypto adviser is seen as a significant move by the Pakistani government to tap into the expertise and knowledge of the global crypto community. The country is looking to leverage the potential of blockchain technology to drive economic growth and improve financial services for its citizens.

In a statement, the SBP said that it was looking forward to working with Zhao to develop a comprehensive strategy for the development of Pakistan's crypto industry. The appointment is expected to bring significant benefits to the country, including improved financial inclusion, increased economic growth, and job creation.

The news has been welcomed by the crypto community, with many seeing it as a major step forward for the development of the industry in Pakistan. The appointment of CZ as crypto adviser is expected to have a significant impact on the country's fintech sector, and is likely to attract more investment and attention to the region.