According to former Binance CEO Changpeng Zhao, Pakistan showed this year that it can move quickly in the field of regulation and adoption of digital assets. According to him, the country is even on course to play a prominent role in the global crypto sector in the coming years.
Rapid steps towards a formal crypto ecosystem
At the current pace, Pakistan can become one of the global leaders in crypto adoption within five years. This is what Changpeng Zhao, better known as CZ, said in a recent interview about developments in the country.
In a conversation with the Pakistan Crypto Council, CZ emphasizes that the leadership in the country in particular shows a clear vision. He points to the relatively young and technically skilled population, which he believes has a strong demand for digital financial solutions:
“I’m excited to see a country of this size have such a clear vision from its leadership and the ability to move at this pace. If this pace is maintained for five years, Pakistan could become one of the crypto leaders in the world.”
Pakistan has taken several concrete steps this year to structure the crypto ecosystem. For example, a special regulator for digital assets was established and international crypto exchanges were allowed to operate in the country. In addition, Pakistan is exploring building a national Bitcoin (BTC) reserve and looking at applications such as tokenization of real-world assets.
Tokenization as a tool for foreign investment
CZ is particularly positive about the idea of tokenizing the Pakistani stock market. According to him, this can significantly facilitate foreign investment. “Which country doesn’t want the world’s population to buy its shares?” he states. Tokenizing stocks makes it easier for investors worldwide to participate in the Pakistani market.
According to Zhao, who was appointed as Pakistan’s official crypto advisor this year, countries that implement tokenization early can benefit structurally. It would not only increase liquidity but also strengthen the visibility of national markets internationally.
In addition to institutional developments, CZ also sees opportunities for individual entrepreneurs and smaller companies. Compared to traditional banking or setting up an AI company, he believes the barriers within blockchain are lower. Blockchain initiatives require less capital and physical infrastructure.
“The blockchain will never reject you,” Zhao says. At the same time, he emphasizes that further growth depends on education, university programs and kickstart programs. According to him, blockchain is an accessible starting point for innovation, provided knowledge and guidance remain available.
Source: https://newsbit.nl/changpeng-zhao-pakistan-kan-een-crypto-wereldleider-worden/
