Pakistan has the potential to rise among the global leaders in cryptocurrency within the next few years. This is the view of Changpeng Zhao (CZ), founder and former CEO of Binance, who points to the country’s rapid progress in regulation and adoption of digital assets.

Zhao shared his perspective in a conversation with Bilal bin Saqib, chief executive of the Pakistan Crypto Council. He noted that Pakistan ranked among the top three countries worldwide for crypto adoption in 2025—despite starting the year without a comprehensive legal framework for digital assets.

According to CZ, Pakistan’s leadership is well aware of the strong demand for cryptocurrencies coming from a young, digitally savvy population. He also praised the country for having a clear strategic direction and the ability to move quickly. If this pace continues, he believes Pakistan could become one of the major global crypto hubs within five years.

A Message to Young Entrepreneurs: Blockchain Offers More Opportunities

Zhao highlighted that Pakistan’s demographics and governance give it an edge over many countries when it comes to crypto adoption. He encouraged young entrepreneurs to explore blockchain and crypto projects—while staying mindful of the risks involved.

In his view, the crypto sector currently offers more accessible opportunities than traditional banking or artificial intelligence. Building a bank or an AI company often requires massive capital, data, and computing resources, whereas blockchain projects are virtual and have far lower barriers to entry. This makes them particularly attractive for startups.

At the same time, Zhao stressed the importance of education, universities, incubators, and training programs in turning innovation into sustainable growth.

Regulation, Mining, and State-Level Initiatives

Pakistan has already taken concrete steps to develop its crypto ecosystem. The country has established a dedicated virtual assets regulator, which has invited major exchanges and virtual asset service providers to express interest in operating locally. Binance and HTX have already received no-objection certificates allowing them to register in the country.

Pakistan is also working on building a Bitcoin reserve and tokenizing real-world assets to attract foreign investment and improve liquidity. In May, the government allocated 2,000 megawatts of electricity to support Bitcoin mining and AI data centers, as part of a broader digital strategy aimed at global leadership.

Tokenizing Stocks as the Next Step

Zhao also suggested that tokenizing Pakistan’s stock market could open it up to global investors. He noted that every country wants its equities to be accessible worldwide and argued that those who move first on tokenization stand to gain the most.

Earlier this month, Pakistan signed a memorandum of understanding with Binance to explore the tokenization of up to $2 billion in government securities and commodity reserves. At the signing, Zhao said the agreement sent a strong signal to the global blockchain industry and marked the beginning of Pakistan’s full-scale tokenization efforts.

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