Former Binance CEO Changpeng Zhao, widely known as CZ, said Pakistan’s ability to move quickly on crypto regulation and adoption could position the country as a global crypto leader within the next five years.
Key Takeaways:
- CZ says fast-moving regulation could make Pakistan a global crypto leader within five years.
- Pakistan is formalizing its crypto market through regulation, exchange licensing, and tokenization plans.
- Zhao argues blockchain offers low barriers for entrepreneurs but needs stronger education and support.
Speaking in a recent interview with Pakistan Crypto Council CEO Bilal bin Saqib, Zhao praised Pakistan’s leadership for recognizing strong domestic demand for digital assets, particularly among its young and tech-savvy population.
“I think it’s fantastic to see a country of this size able to have such a clear vision from the leadership and move at this speed,” Zhao said.
“If we keep moving at this pace, Pakistan will be one of the crypto leaders in the world within five years.”
Pakistan Moves to Formalize Crypto Market With Regulation and Tokenization Plans
Pakistan has accelerated efforts to formalize its digital asset ecosystem over the past year.
Authorities have established the Pakistan Virtual Assets Regulatory Authority, allowed major exchanges such as Binance and HTX to operate locally, and signaled plans to build a Bitcoin reserve.
Officials have also explored tokenizing real-world assets as part of a broader push to attract foreign capital and improve market liquidity.
Zhao said tokenization could play a central role in Pakistan’s strategy, particularly if applied to public markets.
Asked about the idea of tokenizing the country’s stock market, he said the appeal was straightforward.
“Which country doesn’t want the global population to buy their stocks?” Zhao said, adding that tokenized equities would allow global investors to gain direct exposure to Pakistani companies.
He urged policymakers to move quickly, arguing that early adopters of tokenization frameworks are likely to gain a lasting advantage. “The countries that implement these systems first will benefit the most,” Zhao said.
Beyond national policy, Zhao mentioned the opportunities crypto presents for individuals and small businesses.
Compared with traditional banking or artificial intelligence, he said blockchain has a much lower barrier to entry for entrepreneurs.
Starting a bank or AI company typically requires large capital, data access, and infrastructure, he noted, while crypto projects can be built with far fewer resources.
“Blockchain is one of the best places for entrepreneurs,” Zhao said. “The blockchain will never reject you.”
Still, he cautioned that long-term success will depend on education and support. Zhao said Pakistan would need more university programs, incubators, and training initiatives to fully develop local talent and turn regulatory momentum into sustainable innovation.
Binance Gains AML Registration in Pakistan
Earlier this month, Binance obtained anti-money laundering (AML) registration from PVARA, marking regulatory progress as the crypto exchange moves closer to securing a full VASP licence in the country.
The approval places Binance on a phased compliance-driven pathway toward full authorisation in line with Financial Action Task Force standards.
Saqib told Cryptonews in an earlier interview that the cost of doing business in the country is much cheaper than elsewhere.
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