Former Binance chief Changpeng Zhao has said Pakistan has strong potential to lead the global cryptocurrency sector. He believes this can happen within the next five years. Zhao stressed the need for fast and practical digital asset reforms.
Zhao shared his views during a recent discussion with Pakistan Crypto Council CEO Bilal bin Saqib. He praised Pakistan for showing clear intent and urgency in crypto development. He noted that the country’s young and tech-aware population is driving rising demand for digital assets.
According to Zhao, the government’s willingness to respond to this demand is a positive sign. He said continued progress could place Pakistan among the world’s top cryptocurrency hubs. However, he warned that reforms must remain consistent and well-planned.
Pakistan has already taken important steps toward regulating the crypto sector. Authorities have established the Pakistan Virtual Assets Regulatory Authority. This body aims to oversee and guide the growing digital asset market.
The government has also allowed leading crypto exchanges to operate locally. These include global platforms such as Binance and HTX. Officials are also exploring the idea of creating a national Bitcoin reserve. This move could strengthen long-term digital asset planning.
Zhao highlighted the importance of tokenizing real-world assets. He said tokenization could help attract international investors. It may also improve market liquidity across different sectors.
He added that tokenized stocks could play a major role in capital markets. Such assets could allow global investors to invest directly in Pakistan’s economy. Zhao urged policymakers to act quickly, as early adopters often gain lasting advantages.
Zhao also spoke about opportunities for individuals and small businesses. He said blockchain projects need fewer resources than traditional banking or artificial intelligence ventures. This makes the sector more accessible to new entrepreneurs.
He explained that blockchain removes many entry barriers. This allows innovation to grow without heavy infrastructure costs. Zhao believes this approach supports economic inclusion and long-term growth.
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Overall, Zhao expressed optimism about Pakistan’s crypto future. He said smart regulation and timely action could reshape the country’s digital economy.
