Pakistan's Crypto Council Gains CZ's Expertise

Binance Co-Founder CZ Advises Pakistan's Crypto Council to Focus on Regulatory Compliance

ISLAMABAD, PAKISTAN - Changpeng Zhao, co-founder of the world's largest cryptocurrency exchange Binance, has advised Pakistan's crypto council to prioritize regulatory compliance in order to foster a healthy and sustainable crypto ecosystem.

Speaking at the Pakistan Crypto Council's inaugural event, CZ emphasized the importance of regulatory clarity and cooperation in the rapidly evolving crypto landscape. "Regulatory compliance is key to the success of any crypto project. Without it, you're just a fly-by-night operator," he warned.

CZ's remarks came as Pakistan's crypto council, established earlier this year, seeks to promote the growth of the country's crypto industry. The council aims to provide a platform for stakeholders to engage in constructive dialogue and shape the future of Pakistan's crypto landscape.

The Binance co-founder also highlighted the need for crypto companies to prioritize user protection and security. "You can't just focus on making money; you have to prioritize your users' safety and security," he stressed.

Pakistan's crypto council has been working closely with local stakeholders and international experts to develop a comprehensive regulatory framework for the country's crypto industry. CZ's advice is expected to inform the council's efforts to create a regulatory environment that supports innovation and growth while also protecting consumers.

In a statement, the Pakistan Crypto Council welcomed CZ's guidance and reaffirmed its commitment to promoting a sustainable and responsible crypto ecosystem in the country. "We appreciate CZ's insights and look forward to continuing our efforts to create a regulatory framework that supports the growth of Pakistan's crypto industry," said a council spokesperson.

As the global crypto landscape continues to evolve, CZ's advice is likely to resonate with crypto stakeholders around the world. By prioritizing regulatory compliance, user protection, and security, Pakistan's crypto council can help establish the country as a hub for responsible and innovative crypto development.