The post Changpeng Zhao to Advise Pakistan’s Crypto Council on Potential Digital Asset Regulations and Infrastructure Development appeared on BitcoinEthereumNews.com.

Changpeng Zhao, the co-founder of Binance, is set to play a pivotal role in shaping Pakistan’s digital asset landscape as the country seeks to attract foreign investment. This collaboration signifies a broader initiative within Pakistan to enhance regulatory frameworks and infrastructure around cryptocurrencies, reflecting a growing interest in digital assets across the South Asian region. “Our goal is to unlock the full potential of the crypto sector,” stated the Finance Ministry of Pakistan, echoing Zhao’s efforts to streamline regulatory clarity. Changpeng Zhao joins Pakistan’s Crypto Council to enhance digital asset regulations and attract foreign investments amid a push for regulatory clarity. Pakistan’s Crypto Council Focuses on Regulatory Clarity and Foreign Investment The formation of the Crypto Council in Pakistan marks a significant step towards redefining the country’s approach to digital finance. Under the guidance of Changpeng Zhao, the council aims to establish comprehensive frameworks for crypto regulations, infrastructure, and educational initiatives. This shift is driven by the urgent need to revitalize foreign direct investment, which has seen a steep decline of 45% year-on-year as of February, according to local reports. Zhao’s Strategic Role in Enhancing Pakistan’s Crypto Landscape As an esteemed figure in the crypto community, Zhao’s involvement is viewed as a strategic advantage. His advisory role comes shortly after the council’s inaugural meeting on March 21, emphasizing a proactive approach to stimulating foreign investments. The council, as conveyed by its CEO Bilal Bin Saqib, envisions transforming Pakistan into the crypto capital of South Asia. This is backed by recent data revealing that over $750 billion in crypto asset inflows are funneled into Central and Southern Asia and Oceania, showcasing the region’s potential. Future Prospects for Pakistan’s Crypto Market The South Asian cryptocurrency market is projected to experience a robust growth rate of 8.5% over the next eight years, according…

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Filed under: News - @ April 7, 2025 11:28 pm