Pakistan is making a major policy shift to overturn its long-standing anti-crypto stance.
Bloomberg reports that Changpeng “CZ” Zhao, former CEO of Binance, has been appointed a strategic advisor to the Crypto Council of Pakistan (PCC). Zhao will advise Pakistan’s newly formed regulatory body on crypto regulation, infrastructure, and adoption. The PCC was formed in March 2025 to oversee the adoption of blockchain technology and cryptocurrencies in Pakistan. The establishment of the PCC is part of Pakistan’s broader effort to introduce a legal framework for the use of cryptocurrencies in foreign investment.
In a press release on April 7, Pakistan’s Ministry of Finance confirmed CZ’s appointment as part of its drive to revamp the crypto landscape and secure international investment. The ministry elaborated on CZ’s advisory role, stating:
Pakistan moving to attract global capital
Pakistan is making a significant policy shift after announcing it would legalize crypto and prepare to introduce a legal framework for the use of cryptocurrencies in foreign investment. In March 2025, Bloomberg reported Pakistan’s plans to legalize cryptocurrency, and the development of a regulatory framework aimed at its use for foreign investment was confirmed by Bilal Bin Saqib, Chief Advisor to the Finance Minister, in an interview with Bloomberg.
According to Saqib, the initiative is part of a plan to attract global capital by providing a clear, regulated environment for crypto-based investments. In the Bloomberg interview, Saqib said:
Pakistan has given up sitting on the sidelines. We want to attract international investment as Pakistan is a low-cost high-growth market with 60% of the population under the age of 30. We have a Web3 native workforce ready to build.
Pakistan’s recent transformation is notable, as in 2023 the government announced its intention to ban crypto services and outlined its position that it will not legalize crypto trading.
However, the new pro-crypto sentiment is clear. Pakistan’s progressive Web-3 attitude is likely to thrive under its massive young population and, with the mentorship of one of the most influential individuals in Web3, is set to succeed.
Bilal Bin Saqib, Chief Advisor to the Finance Minister and CEO of PCC, commented on C Who’s appointment, saying:
“Pakistan is opening its doors to the future of finance. And who better to guide us on this journey than C Who’s – a pioneer who built the world’s largest crypto exchange and changed the way billions of people think about financial freedom.”
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