Binance's Zhao Offers Free Crypto Advice to Governments Worldwide, Advises Pakistan

Changpeng Zhao, the former CEO of Binance, has extended an offer to governments around the world, providing free advice on cryptocurrency regulation and adoption. This initiative highlights Zhao's dedication to creating a compliant and inclusive global crypto ecosystem. By sharing his expertise, Zhao aims to assist governments in navigating the intricacies of cryptocurrency regulation, enabling them to leverage the advantages of this technology while managing potential risks.

One of the notable developments is Zhao's appointment as a strategic advisor to the Pakistan Crypto Council (PCC). The PCC, established by the Pakistani government, is responsible for overseeing the integration and adoption of blockchain technology and digital assets within the country's financial sector. Zhao's role will involve offering guidance on regulatory frameworks, infrastructure, education, and the promotion of applications. This collaboration is anticipated to accelerate Pakistan's ambition to become a regional leader in Web3, digital finance, and blockchain-driven development.

The PCC's structure includes key figures from the Pakistani government and financial sector, ensuring a holistic approach to cryptocurrency regulation. The committee is chaired by the Minister of Finance and includes the Governor of the State Bank, the Chairman of the Securities and Exchange Commission, and other high-ranking officials. This diverse composition ensures that regulatory oversight, financial stability, legal framework, and technological advancement are closely aligned with Pakistan’s crypto ecosystem.

Pakistan's journey with cryptocurrency has evolved from prohibition to exploration and, more recently, to a more open stance. Initially, the State Bank issued a ban on virtual currencies in 2018, placing them in a legal gray area. However, the government's attitude began to shift in 2022, with the establishment of the National Cryptocurrency Committee and the exploration of regulatory frameworks. In 2025, Pakistan officially established the PCC, signaling a substantial change in its approach to digital currency.

The establishment of the PCC is part of a broader effort to create a legal framework for cryptocurrency transactions, attract international investment, and promote responsible innovation. The PCC is committed to ensuring compliance with international standards, such as those set by the Financial Action Task Force (FATF), while fostering a transparent and inclusive crypto ecosystem. This approach is expected to attract foreign investment and stimulate the development of Pakistan's local Web3 entrepreneurial ecosystem.

Zhao's extensive experience in the crypto industry, particularly in dealing with global regulatory challenges, is expected to be invaluable in this endeavor. His insights and guidance could help the PCC formulate clearer regulatory policies that balance risks and opportunities, attracting foreign investment and fostering innovation. Additionally, Zhao's Web3 education platform, Giggle Academy, could provide learning opportunities for out-of-school children in Pakistan, further promoting the adoption of cryptocurrency and Web3 technology.

However, Pakistan still faces significant challenges in its cryptocurrency journey. These include a high population share in rural areas, low Internet penetration, and financial literacy, as well as an aging power grid and frequent power outages. Overcoming these obstacles will be crucial for the successful promotion of cryptocurrencies in the country.

In summary, Zhao's offer to provide free advice on cryptocurrency regulation and adoption to governments worldwide, coupled with his strategic advisory role in the PCC, represents a significant step forward in the global adoption of cryptocurrency. This move is expected to accelerate Pakistan's vision of becoming a regional powerhouse in Web3 and digital finance, while also setting a precedent for other countries looking to harness the benefits of this technology.