Pakistan appoints former Binance CEO as crypto adviser to focus on regulation and adoption
From Cointelegraph
April 7, 2025 12:37 pm:
Former Binance CEO, Changpeng Zhao, appointed as adviser to Pakistan’s Crypto Council, focusing on cryptocurrency regulation, infrastructure, and adoption. Zhao, a prominent figure in the crypto industry, resigned from Binance in 2023 after pleading guilty to money laundering charges. Pakistan aims to attract foreign investment with clear regulatory frameworks for digital assets.
Pakistan is positioning itself as a potential hub for crypto adoption, with a surge in remittances through formal channels amid a crackdown on black market dollar trades. Chainalysis ranked Pakistan ninth in the CSAO region for crypto adoption in 2024. Stablecoins are gaining popularity in regions like Pakistan for hedging against currency depreciation and enabling faster transactions.
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