{"id":21093,"date":"2025-04-08T12:02:54","date_gmt":"2025-04-08T12:02:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21093"},"modified":"2025-04-08T12:02:54","modified_gmt":"2025-04-08T12:02:54","slug":"changpeng-zhao-cz-binance-joins-pakistan-crypto-council-amid-pakistan-stock-market-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21093","title":{"rendered":"Changpeng Zhao (CZ) Binance Joins Pakistan Crypto Council Amid Pakistan Stock Market Crash"},"content":{"rendered":"<div>\n<p><em>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?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Changpeng Zhao, the founder of Binance\u2014the world\u2019s largest crypto exchange by client count\u2014is an icon. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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 <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best meme coins to buy in 2025<\/span><\/a><span data-preserver-spaces=\"true\">. Binance is also behind one of the largest blockchain ecosystems, the BNB Chain.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> Presently, BNB, the coin powering the BNB Chain, ranks in the top 5, up more than 100X since its launch in 2018.\u00a0\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/H5lcoT9B\/\" width=\"1499\" height=\"859\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/H5lcoT9B\/\" target=\"_blank\" rel=\"noopener nofollow\">BNBUSDT<\/a>)<\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Binance Founder Changpeng Zhao (CZ) to Advise the Pakistan Crypto Council (PCC)<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">So, when <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.finance.gov.pk\/press_releases.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">news<\/span><\/a><span data-preserver-spaces=\"true\"> 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.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Pakistan is also intensifying efforts to attract foreign investment, and part of this involves upgrading its financial infrastructure using blockchain technology.\u00a0\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">The Mission of the PCC<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The Pakistan Crypto Council, established in March 2025, is a government-supported initiative to integrate digital assets and blockchain into Pakistan\u2019s economy.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cPakistan is opening its doors to the future of finance,\u201d said Bilal Bin Saqib, CEO of the Pakistan Crypto Council. \u201cAnd who better to guide us on this journey than CZ \u2014 a pioneer who built the world\u2019s largest crypto exchange and changed the way billions think about financial freedom.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In an <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-03-20\/pakistan-aims-to-be-crypto-capital-of-south-asia-video\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">interview<\/span><\/a><span data-preserver-spaces=\"true\">, Saqib said Zhao\u2019s insights and crypto experience will be \u201cvaluable\u201d as the country wants to be the crypto capital of South Asia.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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).\u00a0\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Pakistan Stock Market (PSX) in Free Fall<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The Binance founder will begin his role as crypto and global equity markets face pressure.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After the distress on April 7, the Pakistan Stock Exchange (PSX) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nation.com.pk\/08-Apr-2025\/psx-crashes-3-882-points-as-trump-tariffs-spark-recession-fears\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">crashed<\/span><\/a><span data-preserver-spaces=\"true\">\u2014with circuit breakers activated.\u00a0\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"da\" dir=\"ltr\">Trade halted at Pakistan stock exchange<\/p>\n<p>\u2014 unusual_whales (@unusual_whales) <a href=\"https:\/\/twitter.com\/unusual_whales\/status\/1909157736136221067?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">With the KSE-100 Index falling 3,882 points to close at 114,909, stability is desired.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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\u2019s tariffs and escalating trade wars with China and the European Union. There are also concerns about inflation and currency stability.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Yesterday, the energy, banking, and industrial sectors in Pakistan led the downturn.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Specifically, the Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) posted huge losses due to weak earnings and falling investor confidence.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Hub Power Company (Hubco) and Pakistan Oilfields Limited (POL) dragged the KSE-100 Index even further.\u00a0\u00a0<\/span><\/p>\n<p><strong>Explore<\/strong>:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/guides-and-tutorials\/how-to-buy-usd-coin\/\" rel=\"\">How to Buy USD Coin (USDC) \u2013 Beginner\u2019s Guide<\/a><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Crypto as a Counterbalancing Tool<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The market crash adds urgency to the PCC\u2019s mission, and crypto could act as a perfect counterbalance.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\">, like Bitcoin and BNB, for example, can be used for diversification, enabling capital flow, and increasing financial inclusion. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe goal is to build trust, incentivize investment, and transform financial infrastructure\u2014not just for crypto traders but for everyday Pakistanis and entrepreneurs,\u201d said PCC CEO Bilal Bin Saqib.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a crypto-friendly jurisdiction <\/span><span data-preserver-spaces=\"true\">that Pakistan is striving<\/span><span data-preserver-spaces=\"true\"> to create, <\/span><span data-preserver-spaces=\"true\">the adoption of<\/span><span data-preserver-spaces=\"true\"> blockchain can drive innovation and even cushion the economy during periods of high volatility.<\/span><span data-preserver-spaces=\"true\">\u00a0\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">8 High-Risk High-Reward Cryptos for 2025<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Changpeng Zhao (CZ) of Binance Joins Pakistan Crypto Council as PSX Crashes<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Changpeng Zhao, the Binance Founder, joins the Pakistan Crypto Council as an advisor<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Zhao\u2019s expertise and experience will help Pakistan develop clear crypto laws that drive innovation and attract foreign i<\/span><span data-preserver-spaces=\"true\">nvestment <\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Pakistan Stock Market Crash as the KSE-100 index drops by 3,882 points amid global trade war fears<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Energy and banking sectors post massive losses, as trading temporarily halted after circuit breakers were activated<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/changpeng-zhao-cz-binance-joins-pakistan-crypto-council-amid-pakistan-stock-market-crash\/\">Changpeng Zhao (CZ) Binance Joins Pakistan Crypto Council Amid Pakistan Stock Market Crash<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2014the world\u2019s largest crypto exchange by client [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21093","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21093"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21093\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}