Binance founder Changpeng Zhao (CZ) visited Islamabad, the capital city of Pakistan, on Monday to be officially designated as the strategic advisor to the country’s national crypto council, with an idea to promote crypto adoption in the South Asian nation.
Additionally, on his maiden visit to Pakistan, CZ also made it a point to touch the lives of 20 million out-of-school children in Pakistan through his Giggle Academy, aiming to educate them.
The announcement, shared by Zhao on X, was, “Did you know that Pakistan is the 5th most populous country in the world? With an average age of 24, plus 100% internet coverage, it’s an active crypto market. There are ~20 million kids not in school. GiggleAcademy could help them learn and get jobs.”
CZ also added, “Pakistan has limitless potential with 240 million people, including 60% under the age of 30.” The announcement came after a high-level meeting chaired by Finance Minister Muhammad Aurangzeb, with key officials from the SECP, SBP, and IT Ministry in attendance.
PCC CEO Bilal Bin Saqib, a global blockchain advocate, said that it was a “landmark moment” for Pakistan as CZ arrived in the country. In his role as an adviser to Pakistan, CZ will help the country in regulation, education, infrastructure, and adoption of cryptocurrencies.
Pakistan has been found to be among the top 10 countries in the world with over 20 million crypto users and $35 billion in annual remittances. It plans to become a member of the league of Web3 nations, such as Singapore and Dubai, in the near future.
Also Read: CZ says ‘Honored to help Pakistan adopt Crypto,’ What About India?
