Pakistan can become a global leader in cryptocurrencies by 2030, according to Changpeng Zhao, the former CEO of Binance, especially if it maintains momentum in regulatory and adoption efforts.
This comes as the country ranks among the top three countries in the world for crypto adoption in 2025, despite lacking a comprehensive legal framework at the start of the year. year
Speaking to Bilal bin Saqib, Director General of the Pakistan Crypto Council, CZ mentioned how senior officials in Pakistan were aware of the high demand for digital assets from a digitally native and largely young population. He congratulated the country for the clear directions of its leaders and its ability to act quickly. He noted: “If we continue to move at this speed in five years, Pakistan will be the crypto leader, one of the global crypto leaders. »
CZ advises young entrepreneurs to explore crypto and blockchain
CZ underlines that due to its young population and impressive governance, Pakistan is outpacing most countries in crypto adoption.
He also encouraged young Pakistanis to explore crypto projects while being aware of the risks. He argued that there are now more blockchain opportunities than those offered by banks and AI systems. He commented: “If a young person wants to start a bank, the opportunities are quite limited (…) If he wants to start an AI company, he probably doesn’t have the big data, the big computers, all the chips, so these two sectors need a lot of resources to create a startup. »
He further explained that since blockchain and cryptocurrency are virtual, there is no possibility of being turned away, making these technologies well-suited for entrepreneurs. However, he also highlighted the importance of university programs, incubators and educational initiatives to promote innovation and growth.
Speaking on global adoption, the Binance founder highlighted that the cryptocurrency is still in its early stages of development, with many new products coming. He said the industry is far from saturated and still has many untapped opportunities.
Pakistan has already made substantial progress in crypto regulation and development. To begin with, it established the Pakistan Virtual Asset Regulatory Authority, which has so far called on major exchanges and virtual asset service providers (VASPs) to submit expressions of interest for their operations in the country. Most recently, it granted NOCs to Binance and HTX, allowing them to list locally. The country is also developing a Bitcoin reserve and tokenizing real-world assets to attract foreign investment and improve liquidity.
In May, Pakistani authorities also allocated 2,000 megawatts of electricity to power Bitcoin mining and AI data centers as part of a broader digital strategy aimed at global leadership. At the time, Saqib even indicated that they intended to make the country a global power in cryptography and artificial intelligence.
CZ encourages Pakistan to further symbolize its actions
Also in his interview with Saqib, CZ explained that tokenizing Pakistan’s stock market could open it up to global investors, adding that all countries want their stocks to be accessible to a global audience.
He advised Pakistan to move quickly on tokenization, emphasizing that the first countries to implement it will benefit the most.
Earlier this month, the country signed a memorandum of understanding with Binance to potentially tokenize $2 billion in government securities and commodity reserves. At the time of signing, Zhao said the deal sends a strong signal to the global blockchain industry and Pakistan, marking the start of comprehensive tokenization efforts.
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