April 8, 2025
Potential Crypto Hub
The appointment was confirmed by Pakistan’s Finance Ministry on April 7th. Zhao will provide advice on cryptocurrency regulation, infrastructure, and adoption.
Source: Business Recorder
Pakistan has long been considered a potential crypto hub, supported by a large population, active diaspora, and a booming black market for foreign exchange. The country aims to create a clear regulatory framework for digital assets, with a focus on attracting international investment.
Attracting Foreign Investment
Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, driven by retail adoption and centralized platform transactions. Stablecoins are increasingly used, with many crypto investors using digital assets to hedge against the Pakistani Rupee’s devaluation.
In any case, Zhao’s appointment is seen as a move to attract foreign investment into Pakistan’s growing crypto sector.
