Changpeng Zhao (CZ) Binance Becomes Part of Pakistan Crypto Council During Pakistan Stock Trading market Decline

Changpeng Zhao, the Binance founder, steps in as an advisor for the Pakistan Crypto Council (PCC) during a significant downturn in the Pakistan Stock Market. The KSE-100 Index plunged by 3,882 points, activating circuit breakers and causing a temporary trading halt. Can crypto and blockchain spur growth and investment?

Changpeng Zhao, the visionary behind Binance—the globe’s largest crypto exchange by user base—has become a notable figure.

His exchange has been crucial in onboarding millions into the crypto realm, facilitating the seamless exchange of thousands of assets, including some of the top meme coins to consider in 2025. Additionally, Binance supports one of the most extensive distributed record ecosystems, the BNB Chain.

As of now, BNB, the currency powering the BNB Chain, stands within the top 5, having surged over 100 times since its inception in 2018.  

(BNBUSDT)

Binance’s Changpeng Zhao (CZ) to Counsel the Pakistan Crypto Council (PCC)

So, when reports emerged that Zhao, who resigned as CEO of Binance in 2023, would be taking on an advisory role with the Pakistan Crypto Council (PCC), it generated considerable enthusiasm.  

The Pakistani government’s decision to enlist Zhao as an advisor is a tactical one, coming at a crucial juncture for the nation, particularly amid a devastating stock trading market decline.  

Pakistan is also ramping up its initiatives to lure foreign investment, part of which includes enhancing its financial systems through blockchain technology.  

The Objectives of the PCC

Founded in March 2025, the Pakistan Crypto Council is a government-backed initiative aimed at incorporating digital assets and distributed record within Pakistan’s economy.  

With Zhao on the PCC team, it signals that Pakistan is dedicated to establishing itself as a regional center for various crypto domains, encompassing DeFi and tokenization.  

“Pakistan is embracing a new era of finance,” remarked Bilal Bin Saqib, CEO of the Pakistan Crypto Council. “And who better to steer us than CZ — a trailblazer who crafted the world’s largest crypto exchange, altering how billions perceive financial freedom.”

Zhao will provide guidance to the PCC regarding the formulation of crypto-friendly regulations. The PCC plans to advance blockchain and crypto infrastructure, lead educational initiatives, and encourage the uptake of distributed database technology.

In an interview, Saqib expressed that Zhao’s knowledge and crypto background will be “invaluable” as the country aspires to become South Asia’s crypto capital.

The mission includes crafting legislation that fosters innovation while adhering to international regulations, particularly the Financial Action Task Force (FATF) standards regarding anti-money laundering (AML) and counter-terrorism financing (CTF).  

Pakistan Stock Trading market (PSX) in Plummet

The Binance founder will commence his role as the crypto and global equity markets encounter challenges.  

Following turmoil on April 7, the Pakistan Stock Trading platform (PSX) dropped—with circuit breakers triggering.  

Trading paused at Pakistan stock exchange

— unusual_whales (@unusual_whales) April 7, 2025

The KSE-100 Index plunged by 3,882 points, closing at 114,909, highlighting a need for stability.  

Despite some trading market stabilization by day’s end, the drop may persist this week as the crypto market processes the ramifications of Donald Trump’s tariffs and growing trade disputes with China and the European Union. Concerns over inflation and currency stability also linger.  

The energy, banking, and industrial sectors in Pakistan were the primary drivers of the decline.  

Notably, the Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) experienced significant losses due to disappointing earnings and a decline in trader confidence.  

Additionally, Hub Power Company (Hubco) and Pakistan Oilfields Limited (POL) further dragged down the KSE-100 Index. 

Discover: How to Purchase USD Crypto token (USDC) – Beginner’s Guide

Utilizing Crypto as a Stabilizing Force

The stock market’s collapse heightens the urgency of the PCC’s objectives, and crypto could serve as an excellent counterweight. 

Several of the top cryptocurrencies to consider, such as Bitcoin and BNB, can facilitate diversification, enhance capital flow, and promote financial inclusion.

“Our aim is to foster trust, encourage investment, and revamp financial infrastructure—not just for crypto enthusiasts but for ordinary Pakistanis and businesses,” stated PCC CEO Bilal Bin Saqib.  

In a crypto-friendly environment that Pakistan is working hard to establish, the integration of distributed ledger could spur innovation and help cushion the economy during turbulent times.  

EXPLORE: 8 High-Risk High-Reward Cryptos for 2025

The article Changpeng Zhao (CZ) of Binance Joins Pakistan Crypto Council During Pakistan Stock Crypto market Meltdown was first published on 99Bitcoins.