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**Binance Founder CZ Becomes Pakistan’s Crypto Advisor**
In a shocking turn of events, Changpeng Zhao, the founder and CEO of leading cryptocurrency exchange Binance, has joined the Pakistan Crypto Council as an advisor. This significant move marks a complete reversal in stance for Pakistan, which had previously banned digital assets and crypto operations within its borders.
As recently as early 2022, Pakistani authorities declared cryptocurrencies illegal and penalized crypto exchanges operating in the country. The country also made critical investigations against Binance following malicious accusations against the exchange. However, it seems that Pakistan has undergone a drastic change of heart regarding cryptocurrencies, with CZ’s involvement highlighting a newfound enthusiasm for embracing crypto innovation.
The country’s sudden shift towards welcoming cryptocurrencies can be attributed to the public’s growing demand for alternative assets amid crumbling economies worldwide. This has led national authorities to reevaluate regulatory restrictions on digital currencies and potentially unlock new investment opportunities.
In his new role as an advisor, CZ will likely play a crucial part in shaping Pakistan’s crypto landscape, fostering local innovation, and promoting foreign investment. His involvement could also bring significant benefits to the country, including improved financial inclusion, reduced dependency on traditional assets, and enhanced economic diversification.
This unexpected development underscores the transformative power of cryptocurrencies in bridging gaps between nations and fostering global cooperation. The collaboration between CZ and Pakistan’s crypto community promises a bright future for blockchain innovation and digital asset adoption worldwide.
Stay tuned for more updates on this story as it unfolds!
Source: https://u.today/binance-founder-cz-becomes-pakistans-crypto-advisor
