Changpeng Zhao, founder of Binance, joins the Pakistan Crypto Council (PCC) as an advisor amid a Pakistan Stock Market crash. The KSE-100 Index fell by 3,882 points, triggering circuit breakers which saw trading temporarily halted. Will crypto and blockchain drive growth and investment?
Changpeng Zhao, the founder of Binance—the world’s largest crypto exchange by client count—is an icon.
His platform has been central to onboarding millions of people into the industry, allowing the seamless swapping of thousands, if not tens of thousands, of assets, including some of the best meme coins to buy in 2025. Binance is also behind one of the largest blockchain ecosystems, the BNB Chain.
Presently, BNB, the coin powering the BNB Chain, ranks in the top 5, up more than 100X since its launch in 2018.
(BNBUSDT)
Binance Founder Changpeng Zhao (CZ) to Advise the Pakistan Crypto Council (PCC)
So, when news broke that Zhao, who stepped down as CEO of Binance in 2023, would be joining the Pakistan Crypto Council (PCC) as an advisor, there was excitement.
The move by the Pakistani government to bring Zhao on board as an advisor is strategic and comes at a pivotal moment for the country, especially as it navigates a crippling stock market downturn.
Pakistan is also intensifying efforts to attract foreign investment, and part of this involves upgrading its financial infrastructure using blockchain technology.
The Mission of the PCC
The Pakistan Crypto Council, established in March 2025, is a government-supported initiative to integrate digital assets and blockchain into Pakistan’s economy.
With Zhao as part of the PCC, it clearly indicates that Pakistan is committed to becoming a regional hub across various crypto frontiers, including DeFi and tokenization.
“Pakistan is opening its doors to the future of finance,” said Bilal Bin Saqib, CEO of the Pakistan Crypto Council. “And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.”
Zhao will advise the PCC on developing crypto-supportive regulations. The PCC will also drive blockchain and crypto infrastructure, spearhead education efforts, and promote the adoption of blockchain technology.
In an interview, Saqib said Zhao’s insights and crypto experience will be “valuable” as the country wants to be the crypto capital of South Asia.
The goal is to create laws that foster innovation while remaining compliant with international standards, particularly the Financial Action Task Force (FATF) guidelines for anti-money laundering (AML) and counter-terrorism financing (CTF).
Pakistan Stock Market (PSX) in Free Fall
The Binance founder will begin his role as crypto and global equity markets face pressure.
After the distress on April 7, the Pakistan Stock Exchange (PSX) crashed—with circuit breakers activated.
Trade halted at Pakistan stock exchange
— unusual_whales (@unusual_whales) April 7, 2025
With the KSE-100 Index falling 3,882 points to close at 114,909, stability is desired.
Although the markets stabilized by the end of the day, the plunge could continue this week as the market digests the impact of Donald Trump’s tariffs and escalating trade wars with China and the European Union. There are also concerns about inflation and currency stability.
Yesterday, the energy, banking, and industrial sectors in Pakistan led the downturn.
Specifically, the Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) posted huge losses due to weak earnings and falling investor confidence.
Meanwhile, Hub Power Company (Hubco) and Pakistan Oilfields Limited (POL) dragged the KSE-100 Index even further.
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Crypto as a Counterbalancing Tool
The market crash adds urgency to the PCC’s mission, and crypto could act as a perfect counterbalance.
Some of the best cryptos to buy, like Bitcoin and BNB, for example, can be used for diversification, enabling capital flow, and increasing financial inclusion.
“The goal is to build trust, incentivize investment, and transform financial infrastructure—not just for crypto traders but for everyday Pakistanis and entrepreneurs,” said PCC CEO Bilal Bin Saqib.
In a crypto-friendly jurisdiction that Pakistan is striving to create, the adoption of blockchain can drive innovation and even cushion the economy during periods of high volatility.
DISCOVER: 8 High-Risk High-Reward Cryptos for 2025
Changpeng Zhao (CZ) of Binance Joins Pakistan Crypto Council as PSX Crashes
- Changpeng Zhao, the Binance Founder, joins the Pakistan Crypto Council as an advisor
- Zhao’s expertise and experience will help Pakistan develop clear crypto laws that drive innovation and attract foreign investment
- Pakistan Stock Market Crash as the KSE-100 index drops by 3,882 points amid global trade war fears
- Energy and banking sectors post massive losses, as trading temporarily halted after circuit breakers were activated
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